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Collateral Damage: U.S. Covert Operations and the Terrorist Attacks on 
September 11, 2001 


On September 11, 2001 the definition of National Security changed for most U.S. citizens. For an entire postwar 
generation, “National Security” meant protection from nuclear attack. On that day, Americans redefined that threat. 
On September 11, 2001 three hijacked airliners hit three separate buildings with such precision and skill that many 
observers believe those flights were controlled by something other than the poorly trained hijackers in the cockpits. 
This report contends that not only were the buildings targets, but that specific offices within each building were the 
designated targets. These offices unknowingly held information which if exposed, subsequently would expose a 
national security secret of unimaginable magnitude. Protecting that secret was the motivation for the September 11 th 
attacks. This report is about that national security secret: its origins and impact. The intent of the report is to provide 
a context for understanding the events of September 1 1 th rather than to define exactly what happened that day. 

Initially, it is difficult to see a pattern to the destruction of September 11 th other than the total destruction of the 
World Trade Center, a segment of the Pentagon, four commercial aircraft and the loss of 2,993 lives. However, if 
the perceived objective of the attack is re-defined from its commonly suggested ‘symbolic’ designation as either ‘a 
terrorist attack’ or a ‘new Pearl Harbor,’ and one begins by looking at it as purely a crime with specific objectives 
(as opposed to a political action), there is a compelling logic to the pattern of destruction. This article provides 
research into the early claims by Dick Eastman, Tom Flocco, V.K. Durham and Karl Schwarz that the September 
11 th attacks were meant as a cover-up for financial crimes being investigated by the Office of Naval Intelligence 
(ONI), whose offices in the Pentagon were destroyed on September 11 th . 1 After six years of research, this report 
presents corroborating evidence which supports their claims, and proposes a new rationale for the September 11 th 
attacks. In doing so, many of the anomalies - or inconvenient facts surrounding this event - take on a meaning that 
is consistent with the claims of Eastman et al. The hypothesis of this report is: the attacks of September 11 th were 
intended to cover-up the clearing of $240 billion dollars in securities covertly created in September 1991 to fund a 
covert economic war against the Soviet Union, during which ‘unknown’ western investors bought up much of the 
Soviet industry, with a focus on oil and gas. The attacks of September 11 th also served to derail multiple Federal 
investigations away from crimes associated with the 1991 covert operation. In doing so, the attacks were justified 
under the cardinal rule of intelligence: “protect your resources” 2 and consistent with a modus operandi of sacrificing 
lives for a greater cause. 

The case for detailed targeting of the attacks begins with analysis of the attack on the Pentagon. After one concludes 
that the targeting of the ONI office in the Pentagon was not random - and that information is presented later 3 - one 
then must ask: is it possible that the planes that hit the World Trade Center, and the bombs reported by various 
witnesses to have been set off inside the buildings 1, 6 and 7 and the basement of the Towers, were deliberately 
located to support the execution of a crime of mind-boggling proportions? In considering that question, a pattern 
emerges. For the crimes alleged by Eastman, Flocco, Durham and Schwarz to be successful, the vault in the 
basement of the World Trade Center, and its contents - less than a billion in gold, but hundreds of billions of dollars 
of government securities - had to be destroyed. A critical mass of brokers from the major government security 
brokerages in the Twin Towers had to be eliminated to create chaos in the government securities market. A 
situation needed to be created wherein $240 billion dollars of covert securities could be electronically “cleared” 
without anyone asking questions- which happened when the Federal Reserve declared an emergency and invoked its 
“emergency powers.” that very afternoon. 4 The ongoing Federal investigations into the crimes funded by those 
securities needed to be ended or disrupted by destroying evidence in Buildings 6, 7 and l. 5 Finally, one has to 
understand and demonstrate the inconceivable: that $240 billion in covert, and possibly illegal government funding 
could have been and were created in September of 1991. Filling in the last piece of the puzzle requires 
understanding 50 years of history of key financial organizations in the United States, understanding how U.S. 
Intelligence became a key source of their off-balance sheet accounts, and why this was sanctioned by every 
President since Truman. 6 With that, a pattern of motivation is defined which allows government leaders and 
intelligence operatives to ‘rationalize’ a decision to cause the death 3,000 citizens. 


1 



World Trade Center 


There were three major securities brokers in the World Trade Center: Cantor Fitzgerald, Eurobrokers and Garbon 
Inter Capital. On the morning of September 11, Flight 11 hit the North Tower at 8:46 right below the floors on 
which Cantor Fitzgerald was situated. Cantor Fitzgerald was the US largest securities dealer 7 in the US and 
arguably the primary target. 8 Shortly after that, a massive explosion went off just under the FBI offices in the North 
Tower on the 23rd floor, and Garbon Inter Capital on the 25th floor, and in the basement of Tower 1 as well. The 
explosion caused the 22 nd through 25 th floors above to collapse into an inferno. 9 Fires were reported on the 22 nd floor 
at 8:47. 10 Shortly, thereafter, at 9:03, Flight 175 hit the South Tower right below the floors on which Euro Brokers 
was situated. (See Chart on page 42.) In all three cases, the explosive, fiery destruction consumed the offices in the 
several floors above. At 9:37 Flight 77 hit the Pentagon, targeting one of the few offices that had been moved in the 
newly remodeled section of the Pentagon: the Office of Naval Intelligence." Agents of the Office of Naval 
Intelligence had been investigating the financial transactions which in this report are linked to securities being 
managed by those security dealers in the World Trade Center that were targeted. 12 Fortunately, most other agencies 
had not yet been moved back into the targeted section of the Pentagon. 41% of the fatalities in the Twin Towers 
came from two companies that managed U.S. government securities: Cantor Fitzgerald and Eurobrokers. 13 31% of 
the 125 fatalities in the Pentagon were from the Naval Command Center that housed the Office of Naval 
Intelligence. 39 of 40 Office of Naval Intelligence employees died. In the vaults beneath the World Trade Center 
Towers, any certificates for bonds were destroyed. 14 

Building 7 was evacuated somewhere between 9:00 and 9:30, depending on various claims. Fires and explosions 
spontaneously began at multiple locations inside the building prior to the collapse of either Tower. This observation 
is critical in that the official explanation for the fire is that they started when objects from the collapsing towers 
caused the fires to ignite. Witnesses leaving the building claim to have seen fires already starting, and dead 
bodies. 15 The Building ultimately was destroyed in what many unofficial observers now believe was a controlled 
demolition. Building Seven housed the following agencies critical to investigation of financial crimes related to this 
history: 


Export-Import Bank of the US 
US Secret Service 

Securities and Exchange Commission 

Internal Revenue Service 

CIA 

Department of Defense 


Floor 6 
Floors 9 & 10 
Floors 11,12 &13 
Floors 24 & 25 
Floor 25 
Floor 25 


“ All the evidence that we stored at 7 World Trade , in all our cases, went down with the building," according to 
US Secret Service Special Agent David Curran — the number three guy in that office. "We lost our network, we 
lost all our computers, we lost all the equipment that we use as Secret Service Agents. Everything from machine 
guns to our shotguns to our electronic equipment that we use." A lot of cases had to be closed as a result of 
losing that building.” 16 (See note for additional references .) 

In the midst of all this. Building 6 was destroyed by explosions from within, before being buried in the rubble of the 
Towers. 17 FEMA, the agency charged with investigating the disaster, did not collect any data on this building. 
Building 6 was home to the U.S. Customs agency and the El Dorado Task force, an interagency money-laundering 
group from 55 agencies created in 1992. The El Dorado Task force was responsible for coordinating all major 
money-laundering investigations in the U.S. In the immediate aftermath of September 11, these groups would be 
redirected to investigate terrorist financing. 18 On the same day, the Securities and Exchange Commission declared a 
national emergency and for the first time in U.S. history invoked its emergency powers under Securities Exchange 
Act Section 12(k) and eased regulatory restrictions for clearing and settling security trades for the next 15 days. 
These changes would allow an estimated $240 billion in covert government securities to be cleared upon maturity 
without the standard regulatory controls around identification of ownership. 19 (The manner in which this was 
accomplished is explained later in the report.) 


2 



The Pentagon 


It must be noted that the Office of Naval Intelligence in the Pentagon, which sustained a direct hit from an 

airliner that day, was without a doubt, a target that was pinpointed for destruction. There are a number of 

indicators that this was the case: 

• The command centers of the US Armed forces and the Office of the Secretary of Defense are located on the 
River and Mall, northern facing segments of the Pentagon. 20 This is public information. Either of those 
facades should have been the prime target for a well-planned attack. It needs to be remembered that the 
individuals responsible for September 11 had almost three years to plan their assault. The targets and 
methods were not haphazard . 

• The western facing section of the Pentagon that was attacked had been under constructions for almost two 
years, and would not have been considered as a target, unless it was targeted for a specific reason. 

• The Naval Command Center had been moved into that newly opened section of the Pentagon a month 
earlier 21 ; 

• The attacking aircraft went through great effort to hit the west side of the Pentagon, under either of 
contentious scenarios, looping around the Pentagon by 270 degrees after approaching from the north east, or 
looping 360 degrees with it’s approach from the West. Under either scenario, the additional looping created 
an opportunity with extra flight time for defense systems to take out the attacking plane, and the hijackers 
took a significant risk of being shot down by executing this maneuver. 22 (See Figures 1 and 2) 

• If one looks carefully at the Koeppel flight path approach seen in Figure 1 , the attacking flight path went 
almost directly over the Whitehouse, bypassing what should be considered a primary target, for a supposedly 
empty section of the Pentagon. With the alternative approach presented by the National Transportation 
Safety Board, the extra distance in the loop would have allowed it to hit either the White House or the 
Capitol had it continued straightforward . 

• Derek Vreeland who claimed to be an agent for Office of Naval Intelligence had predicted the attack several 
weeks in advance 23 ; 

• The ONI has been attributed by several sources with responsibility for leaking copies of the faxes which 
document the illegal transaction of 1989- 1991. 24 



Figure 1 (above) shows the two looping flight paths presented. On the left, an approach mapped by 
Former Air Force Pilot Steve Koeppel, 25 on the right, the official approach presented by the National 
Transportation Safety Board. 26 


3 



Figure 2 (below) shows the western approach hitting the ONI, 
while the Mall and River Entrances with the prime targets, 
initially in the direct path of the northern approach, are ignored. 



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Did Flight 77 “pass” on three primary targets (the White House, the Capitol, and the command centers in the north 
face of the Pentagon) in order to make a precision hit on what should have been known to be an empty segment of 
the Pentagon? Did the pilot, described as having “extraordinary skill,” after years of planning, hit a worthless target? 
It would seem the assumption has to be the pilot hit exactly where he wanted to hit. The planes hitting the South 
Tower and Pentagon maneuvered in the last moments to hit their exact target. With a world of targets available, 
why these? 


For the majority of Americans, the unanswered questions regarding that day are legion. While many of the questions 
may never be answered, the extraordinary destruction experienced at specific locations in the WTC, and the peculiar 
targeting of the Pentagon all support a pattern of deliberate destruction of sites key to the claims of Eastman, 
Durham, Flocco and Schwarz. While most media reports defer to the U.S. government contention that Osama Bin 
Laden was behind these attacks, foreign media provided reports suggesting that the “real power” behind A1 Qaeda 
was unknown. 27 As shall be seen, the financial power behind the attack is the same power that created these 
securities, and the same power as that which founded A1 Qaeda. 


The Origins of the World Trade Center Attack 

Most historians track the history of September 11th to 1998 when Osama Bin Laden declared a fatwa or jihad 
against the U.S., and the terrorist “Hamburg Group” lead by Mohammed Atta reportedly “offered” it’s services to A1 
Qaeda. 28 However, the history which defines the motives for the September 1 1 attacks goes much further back in 
time. The answers to the questions surrounding the cause of the WTC attack will be found in events going as far 


4 


back as 1990 and 1991, when the George H.W. Bush was president. To a very great degree, insight into the activities 
of that period are cloaked by the Executive Order of George H.W. Bush’s son. President George W. Bush, who on 
November 1, 2001 issued Executive Order 13233. This executive order was intended to balance the public's right to 
see the records of past presidents with a need to protect national security. As a result, public records which might 
have shed light on the activities on 1990 and 1991 remain shielded from public access in the interest of national 
security and the men and women who support it. Subsequently, this reconstruction of the events from the late 1980s 
and early 1990s is based on news reports, books and articles. 

What the public record suggests is that with the beginning of the first Bush Presidency in 1989, George H.W. Bush 
initiated a program of covert economic warfare to bring about the collapse of the Soviet Union. The name of this 
program appears to be Project Hammer, a previously reported, multi-billion dollar covert operation, ‘third world 
investment program’ whose investments remain shielded. 29 This program consisted of four major covert operations 
including: 

1) Theft of the Soviet treasury, 

2) Currency destabilization of the Ruble, 

3) Funding of the KGB Generals’ August 1991 coup against Gorbachev, and 

4) Takeover of the key energy and defense industries in the Soviet Union. 

At its inception, the program was conducted well within policy framework of the U.S. government as defined by 
several Executive Orders authored by Vice President Bush and signed by President Ronald Reagan. There is good 
reason to believe that the plan was initially formulated by Reagan’s CIA Director, William Casey. During World 
War II, before Casey headed OSS operations in Europe, he worked for the Board of Economic Warfare and his role 
was “pinpointing Hitler’s economic jugular and investigating how it could be squeezed.” 30 Many of the program 
operatives were probably engaged through official CIA and National Security channels. However, as a result of the 
experience gained by the Bush cabinet and its private sector counterparts during the secretive Iran-Contra and 
Ferdinand Marcos gold operations (which will be explained in short order), the execution of that program would be 
accompanied by two new assumptions: 

1) Using covert and illegal funding for a policy not approved by Congress would remain acceptable. Under George 
H.W. Bush, Congressional oversight of covert operations could be ignored with impunity; 

2) The American public and their representatives in Congress were too pre-occupied with their own lives to be 
worried about what happened in foreign lands, even if those actions violated the law and the constitution. 

Emboldened by the lack of consequences for subverting the U.S. constitution and breaking international law during 
the Iran-Contra scandal, the Bush administration group known as “the Vulcans” planned a bigger drive to crush the 
soul of Communism once and for all. This group had graced themselves with this moniker, naming themselves after 
the Roman god of War - Vulcan. They waged war against the Soviet Union and Iraq under George H.W. Bush, and 
against Iraq and Afghanistan under George W. Bush. 

Belonging to this group 31 were 

• Dick Cheney 

• Don Rumsfeld 

• Colin Powell 

• Paul Wolfowitz 

• Richard Armitage 

• Condoleezza Rice 

The Vulcan’s drive to bring and end to the Cold War was fueled by a covert war chest invisible to congressional 
oversight. This war chest would be known by several names: Black Eagle Trust, the Marcos gold, Yamashita’s 
Gold, the Golden Lily Treasure, the Durham Trust or Project Hammer. 33 These same Vulcans would be brought 
back to power in 2000 under the administration of President George W. Bush, son of President George H. W. Bush. 

The covert operations conducted by the Vulcans involved - at a minimum - potential securities fraud, money 
laundering and violation of Foreign Corrupt Practices act. 34 In a number of situations, murder and false 
imprisonment seemed to be the mainstay of efforts to prevent any remorseful participants in this operation from 
going public with their stories. 35 While accomplishing its objective - bringing about the demise of the Soviet Union 
- the program also seems to have lined the pockets of the individuals that executed this policy, at US taxpayer 
expense. This was done to the tune of a mere $240 billion dollars in covert and allegedly illegal bonds, which 
appear to have been replaced with Treasury notes backed by U.S. taxpayers in the aftermath of September 11! 


5 



Seventeen years later in 2008, the personal financial empires of those who benefited directly from these covert 
securities should now stand at several trillion dollars, and are rightfully the property of various citizenries. Putin’s 
purge of selected oligarchs is consistent with this story. 

The covert securities used to accomplish the original national security objective of ending the Cold War ended up in 
the vaults of the brokers in the World Trade Center, and were destroyed on September 11, 2001. 36 They came due 
for settlement and clearing on September 12. The federal Agency investigating these bonds - The Office of Naval 
Intelligence- was in the section of the Pentagon that was destroyed on September 11. 37 To a key group of senior 
National Security officials who had participated in the victory of the economic cold war in 1991, the WTC, the 
Pentagon, the four airliners and their occupants would became ‘collateral’ damage in the ending of the Cold War. 
Their deaths were required to hide the existence of the Black Eagle Trust, and the covert activities it had funded for 
over 50 years. The alternative view of these events suggests that the destruction of these lives and buildings 
constituted a cover-up of continued lawlessness by a fraternity or brotherhood of businessmen and criminals often 
referred to as ‘the Enterprise’ in the 1980s, but has remained in the shadows since. 

The War Chest 

The story of these bonds and their source of funding has been publicized on the internet for several years, 38 but the 
story has never really gained much credibility, even though the bonds themselves have been at the heart of several 
law suits and criminal proceedings. In trying to understand the origins of what seems at first glance to be a sort of 
cold war internet-legend, history suggests that in September of 1991, George H.W. Bush and Alan Greenspan did 
indeed finance $240 billion in bonds in a buyout of the Soviet Union as part of a broader program to end the Cold 
War through an attack on the economy of the Soviet Union. More-over, President George H.W. Bush had initiated a 
number of related covert operations to takeover certain sectors of the Soviet economy, and ten years later in 2001, 
these programs had finally come back to haunt the U.S. policy makers. Most, if not all of these programs appear to 
have stepped outside of the boundaries of the law. As a result, investigative agencies from Britain, Switzerland, 
Russia, Kazakhstan and the Philippines were putting pressure on Congress and the U.S. Department of Justice to 
open up the accounts in the banks used to finance these covert activities, which were being viewed as criminal 
activities in foreign courts. Alan Greenspan, the Treasury Department and key banks in the U.S. and Europe were 
being sued for gold-price fixing or illegal gold sales which appears to have it’s origins in the covert war chest used 
to wage this war. 39 At the same time, the suits brought by the Holocaust survivors victims of the Marcos regime, 
and the US Congress under influence of pro-Israeli lobbyists were putting pressure on the Swiss banking cartel to 
open it’s bullion records to public scrutiny. Full disclosure by these banks during an investigation would have 
resulted in a major exposure of U.S. Government complicity in some of the greatest financial fraud of the 1980s and 
early 1990s as well as 50 years of gold bullion theft by numerous U.S. and British government agencies. Moreover, 
investigation into these accounts would disclose a National Security secret known as the Black Eagle fund, and 
virtually every covert operation since World War II. Bringing an end to these investigations and preventing this 
disclosure was the sole objective for the destruction of the WTC and Pentagon. 

These investigative and legal pressures began to accumulate in 1997, and in February 1998, Osama Bin Laden 
declared his fatwa, and Atta started planning the September 11 attacks. To understand the decisions made in 1998 
which brought about the attack on the World Trade Center, one must go back in history to appreciate the magnitude 
of exposure these bankers and government officials faced. Ten years prior to the planning that Atta was beginning, 
planning had begun for economic war on the Soviet Union. The source of funding for this covert war is traced to the 
end of World War II, but it was not until 1986 did the size of that war chest make the 1991 attack on the Soviet 
Union feasible. Understanding the source of that funding is absolutely critical to understanding why the World 
Trade Center was destroyed in 2001. 

Numerous sources have documented that at the end of World War Two, the treasury of the Japanese Empire was 
discovered in the Philippines by a staff member of General Charles Willoughby, who was General MacArthur’s 
chief of Intelligence. Then known as the Golden Lily Treasure, this mass of wealth had been accumulated by the 
Japanese with over fifty years of its army pillaging Southeast Asia and China. It was deposited in the Philippines 
due to the U.S. submarine blockade of Japan. Reports vary, but documents in the public domain suggest the 
recovered treasure was in excess of 280,000 metric tonnes of gold, not including jewels and diamonds. 40 After the 
War that staff member, Edward Lansdale and Severino Garcia Diaz Santa Romana tortured Major Kojima Kashii - 
General Yamashita Tomoyuki’s driver -until he revealed and created a map of the gold sites. 41 


6 



Lansdale briefed Assistant Secretary of War John J. McCloy about the findings, and a U.S. Cabinet level decision 
was made to confiscate the gold and cover-up its discovery. The gold would be added to the Black Eagle Trust fund. 
It was McCloy, along with Secretary of the Navy Robert B. Anderson and Secretary of War Henry L Stimson who 
created the Black Eagle Trust. 42 John McCloy, who had shared a box at the 1939 Olympics with Adolph Hitler, 
went on to become President of the World Bank. Robert Anderson would go on to operate the Commercial 
Exchange Bank in the British West Indies, be convicted of running illegal banking operations and tax evasion, and 
be sentenced to prison. 43 A fourth member of that group - William ‘Wild Bill’ Donovan - would go on to found the 
CIA, distribute the gold to key banks represented by his staffers, and establish AIG as a key partner in the CIA’s 
covert operations . 


World War II Origins 

US Intelligence Involvement in Commercial Banking 



Commercial 

Exchange 

Bank. 

World Bank West Indies (See next Chart) 


7 


US Intelligence Banking History 
(from the roots of the Black Eagle Trust and the Golden Lily) 








The trust they created takes its name from the Nazi Black Eagle stamped on the gold bars of the Third Reich. Gold 
bullion confiscated from the Reich and not returned to its rightful owners and their heirs was the original source of 
funding for this trust. 44 Over the years, the significance of the Nazi gold would pale in comparison to the 
confiscated Japanese treasure. As the fund grew, it was distributed in private accounts across the globe in over 100 
banks, and administered by General Earle Cocke, financial advisor to every U.S. President from Truman to Clinton, 
until his death. 45 Most of the individuals who controlled these accounts are long dead, and attempts by their heirs to 
access these accounts have been met with stonewalling, false imprisonment or death under suspicious 
circumstances. Santa Romano's heirs are one example. 46 Mrs. V. K. Durham is one such individual. Her husband, 
Colonel Russell Herman, controlled the Durham Trust. This report will return to their story in a little while. 

The men responsible for initiating and executing the confiscation of Nazi and Japanese treasury gold represent the 
most senior Intelligence officers in the U.S. and Britain at the end of World War II, and the Cabinet of the President 
of the United States. From the Office of Strategic Services - the OSS - the decision-makers were: 

• Wild Bill Donovan, the most decorated soldier of World War I and head of the OSS and his direct staff which 
included: 

• Allen Dulles, future Director of the CIA and a principal of Bank of New York, and legal representative of 
Brown Brothers, Harriman. 47 

• Henry S Morgan and Spencer Morgan. Henry and Spencer were the sons of JP Morgan, and would return from 
their service to manage the financial empire that would evolve from JP Morgan to ‘Morgan and Chase’ to then 
to ‘Chase Manhattan' to finally what in 2008 was known as Chase. 

• Paul Helliwell would become the primary covert operations banker for U.S. intelligence, setting up in Nassau 
Castle Bank and then Mercantile Bank and Trust. When Castle Bank needed to be closed, he set up Nugan 
Hand Bank. When the Nugan Hand Bank closed, he helped shift banking operations to Household Bank in 
Chicago, Illinois and to the notorious BCCI bank. His front man, and associate of Bill Donovan was General 
Earle (a.k.a. Erie) Cocke. 48 

• General Earl Cocke would be the financial advisor to every President from Truman until Cocke’s death in the 
year 2000. Cocke was a true American hero in the classical sense: the recipient of the Silver Star, four Bronze 
Stars and four Purple Hearts. He was also the coordinator for the Black Eagle Fund and Project Hammer, 
which would be used to bring down the Soviet Union and attempt to bring Soviet oil and gas resources under 
the control of Western investors. 

• George S Moore; future President and CEO of First National City Bank of New York, which would evolve to 
become Citibank. Citibank would end up with over 1 16,000 metric tonnes of the Marcos Gold. 49 

• General George Olmsted; was another World War II hero who subsequently was responsible for distributing 
U.S. Military Assistance, later becoming President of a Washington DC based bank holding company known as 
International Bank, which took over the CIA's Mercantile Bank and Trust in the Bahamas. 50 Under Olmsted’s 
leadership. International Bank sold Financial General Bankshares (FGB) then known as First American, to 
BCCI. 51 

• William Colby future CIA director and lawyer for Helliwell’s covert operation banks. 

• William Casey, decorated World War II veteran, future Director of the CIA. Casey took over from Paul 
Helliwell the “Secret Intelligence Branch" of the OSS in Europe in 1945 , 52 

These men would form the core of the OSS that worked to create an “ apparatus belli ,” 53 and virtually all of them 
would play a dominant role in the worlds’ most important banks. From the British Special Operations Executive 
(SOE) came participation and support for the OSS from John and William Keswick from the Jardine Matheson 
Bank. 54 The Keswick family would also control the Hong Kong Shanghai Banking Corporation (HSBC). 55 Fifty 
years later, the financial institutions represented by these individuals would become the major financial banks in the 
world, along with the Swiss-German banks they hid their gold in. 

Lansdale and Santa Romana were made responsible for recovery of the treasure. They fabricated a “Communist 
Revolution” by the Hukbalahak rebels in order to confiscate the land where much of the gold was buried, and 
proceeded to mine it. 56 Several sites sit on Clark Air Force Base. 57 Over the years, Lansdale’s personal account in 
Zurich grew to over thirty thousand metric tonnes - greater than the national treasury of any modern nation state. 
Santa Romana had multiple accounts, the largest single account was valued at over 20,000 metric tonnes. While 
these accounts were created in their names, over time it would be shown these were actually government accounts. 
As a point of reference, the annual gold production of the world is estimated to be 1,200 tonnes, and in 1980 the 


9 



U.S. gold repository at Fort Knox held only 8,221 tonnes. There has been no public report of the Fort Knox 
inventory since 1980. 

According to David Guyatt and Sterling and Peggy Seagrave, the Yamashita gold would become the cornerstone of 
the Black Eagle Fund, from which many covert operations of the U.S. intelligence would be funded. 5S The most 
common interpretation international law is that the gold should have been either returned to the countries from 
which it was stolen (as was done with the Nazi gold 59 ), or should have been incorporated into the U.S. Treasury. 
With no uncertain terms, the U.S. Government’s continued efforts to stifle news on this matter provides prima facie 
evidence that the confiscation of this gold is illegal. 

Lansdale’s operation in the Philippines gave birth to most of the common features of modern covert operations for 
U.S. Intelligence: bribery, theft, torture, and false flag operations. It would be Lansdale who would initiate a bond 
between the US intelligence organizations and the Israeli intelligence. It would be Lansdale that would set 
precedents for the Intelligence community to retain the services of organized crime on U.S. soil. Lansdale would 
hire American Mafia family heads Carlos Marcello, Santos Trafficante, Meyer Lansky, and Lucky Luciano in the 
U.S. war against Fidel Castro in 1961, much as he would hire the Italian Mafia families to wage an illegal operation 
against the Italian Communist party. 

“ ...the gangsters in Lansdale’s employ were the very gangsters the FBN was chasing— Carlos Marcello , Santos 
Trafficante, Meyer Lansky, and Lucky Luciano. ... The CIA’s connection, of course, began with ‘Wild Bill’ 
Donovan ’s old OSS and its recruitment of Lucky Luciano and the Corsican mafiosi to beat and murder 
Communist union dockworkers in Marseilles and elsewhere along the Mediterranean Coast, and to seize Sicily 
from the Communists. With CIA blessing, and using drug running as a way of financing activities, the Mafia set 
up drug supply routes back to the U.S. Many an FBN operation would trace the drugs back to Mafia sources, in 
turn supplied through Lebanon, Turkey, Afghanistan, and elsewhere in the Middle East, only to be thwarted by 
the far more powerful CIA stepping in and terminating the investigation on national security grounds.” 60 

It would be Lansdale’s team that would propose and justify sacrificing innocent U.S. civilians in order to rally the 
American citizenry to support an invasion of foreign soil. This was done under a program run by Brigadier General 
William H. Craig, who reported to Lansdale for the Cuba project. 67 This project was called Operation Northwoods. 
Documents for this project would be accidentally released from the files of Robert McNamara into the public 
domain some 40 years later, exposing the degree to which Lansdale’s operatives would go to wage war. 62 In these 
documents, the U.S. military acknowledged it could wage a “terror” campaign against US citizens in order to justify 
a second invasion of Cuba. It would be the first official recognition that US intelligence operations used terrorist 
tactics. 

It was Lansdale who oversaw the set up of assassination squads to target Fidel Castro while operating out of Florida. 
One of Lansdale’s proteges’ in the assassination business was Ted Shackley, would go on to set up assassination 
squads in Vietnam under Operation Phoenix. 63 Shackley would take Felix Rodriguez with him from the Cuba 
Project to Laos for a secret war in support of Vietnam. Felix Rodriguez was a close confidante of former CIA 
Director George H.W. Bush, and maintained direct phone contact with Bush when Bush became Vice President 
under Ronald Reagan. 64 When the U.S. intelligence funded, Iran-Contra gun running pilot was shot down in 
Nicaragua, it was Rodriguez that called George Bush to let him know that the pilot had been captured alive. In 
Vietnam, Shackley and Rodriguez would expand their circle of operatives to include Oliver North, Richard Secord 
and Richard Armitage. North, Secord and Armitage had proven themselves as men who could ‘get results’ against 
the communists by operating outside of the rules. They would provide the second generation of U.S. black ops 
leadership. The ‘whatever it takes’ zeal that these men developed in service of their country was ruled unacceptable 
in U.S. Military courts at the Mai Lai Massacre trial 65 , but it was still condoned by ‘ apparatus belli ’ spawned by 
Wild Bill Donovan. 

While in Southeast Asia, North, Secord, Armitage, Rodriguez and Shackley would finance their operations through 
the Nugan Hand bank in Australia rather than with funds under congressional oversight. 66 Nugan Hand Ltd. was 
founded in Sydney in 1973 by Australian lawyer Frank Nugan (who was reputedly associated with the Mafia) and 
former U.S. Green Beret Michael Jon Hand who operated in Northern Laos as part of the Phoenix Project. They 
were assisted in this by Paul Helliwell, one of the primary OSS agents in the original Yamashita gold operation. 67 
Frank Nugan’s family ran the primary supply shipping operation between the U.S. Navy base in the Philippines and 


10 



Australia. 68 It is through Frank Nugan and his business partner Peter Abeles, that insight is provided to the flow of 
some of this Marcos treasure. Peter Abeles was reputed to be a member of what was known in Australia as the 
Hungarian Mafia and a partner with Henry Keswick. Sir Henry Keswick was the son of SOE officer John Keswick. 
The Keswick family had controlling interest in Jardine Matheson, which owned and operated Ferdinand Marcos’ 
gold smelting operation, which was opened in the mid 1970s. 69 The Keswick family also had controlling interest in 
the Hong Kong and Shanghai Banking Corporation (HSBC), which was the largest holder of Santa Romana’s 
known gold accounts, although Citibank would be the largest recipient of the confiscated treasure. 70 When Romana 
died, the bank refused to hand over his accounts to his heirs, and confiscated his accounts. 71 

It was Peter Abeles and Sir Henry Keswick that brought Canadian businessman Peter Munk back to business 
prominence from a scandalous insider-trading lawsuit in Canada in 1967. Munk would partner with Adnan 
Kashoggi, Sheik Kamal and Edgar Bronfmann in a series of operations which ultimately would evolve into Barrick 
Gold. 72 Barrick Gold would become an investment for nearly every gold bullion bank associated with the Marcos 
gold recovery. These banks would loan gold to Barrick, which would then sell the borrowed gold as derivatives, 
with the promise of replacing the borrowed gold with their gold mining operation. The records of many of those 
transactions disappeared when Enron collapsed and the trading operation and all its records were taken over by 
UBS, another major recipient of Marcos gold. The FBI was reportedly conducting an investigation into those 
transactions, and the investigation files were kept on the 23rd floor of the North Tower of the WTC. A review of the 
personal accounts of September 1 1 now suggests that office was deliberately targeted with explosives prior to the 
collapse of the WTC. 73 

The Nugan Hand Bank would be one of the many banks used for transferring the Marcos gold from the Philippines 
into covert operations. Brigadier General Earle Cocke was the President in charge of the Nugan Hand Washington 
Office, and would be the key manager of Project Hammer and the Black Eagle Trust. 

Other Nugan Hand Bank employees from U.S. Intelligence operations included: 

• General Leroy J. Manor (manager of the Manila branch) former chief of staff of the U.S. Pacific; Command and 
deputy director for counterinsurgency and special activities; he shared his office with Marcos’s brother-in-law ; 

• General Edwin F. Black (president of Hawaii branch) former commander of U.S. forces in Thailand; 

• Richard Secord (all around operative with responsibilities in Iran-Contra, Vietnam assassinations, creating 
Mujahadeen armies in Afghanistan, and central Asia); 

• Dale Holmgreen (former chairman CIA's Civil Air Transport, manager of the Taiwan branch); 

• Richard L. Armitage (was special consultant to the Pentagon in Thailand who oversaw the transfer of heroin 
profits from Indonesia to Shackley's account in Tehran); 

• William Colby (former director of the CIA as legal counsel); 

• Rear-Admiral Earl P. Yates, the former Chief of Staff for Policy and Plans of the U.S. Pacific Command and a 
counter-insurgency specialist, became president of the company; 

• Walter McDonald (retired CIA deputy director, headed Annapolis branch); 

• Dr. Guy Parker (an expert from the RAND Corporation who came on as a bank consultant) senior Republican 
foreign policy adviser; 

The bank was founded as a funding operation for U.S. covert operations in Australia 74 , and was a conduit for 
Marcos gold. One of the objectives of the ‘bank’ was to bring about the pre-mature closure of the Australian labor 
government. The Whitlam government had quietly threatened to nationalize subsidiaries of American corporations. 

“The subsequent inquiries have established the Nugan-Hand bank was to be the organisation used as cover 
for the operations of Task Force 157 . The Task Force 157 was a group set up by Henry Kissinger and it 
was set up in a quite strange way. It was a mini-CIA which was actually separate from the CIA and 
probably was set up by Kissinger so he could deny any connection between what the Task Force 157 was 
doing and the CIA. Nevertheless, the personnel of Task Force 157 included Ted Shackley, who was one of 
the head of sabotage operations against Cuba, he was Station Chief in Saigon during the Vietnam War, and 
he was the Chief of the CIA Western Hemisphere Division, so with an impeccable CIA record like that it 
would be very difficult to disassociate him from what the CIA was doing. The concept of Task Force 157 
seems to have been two-fold: firstly, to set up operations against the Whitlam government. And secondly, 
to go ahead with using Australia as a base for certain clandestine U.S. operations such as arms dealing 
and smuggling of contraband goods.” 75 


11 



The Nugan Hand Bank was closed in January 1980 within several days of the unsolved murder or suicide of Frank 
Nugan. The reasons for his murder have never been identified, but during that time, the operation was at risk of 
being exposed. 

“Bobby Inman, former Deputy Director of the National Security Agency and Deputy Director of the CIA, 
said on two occasions that he expressed deep concern that investigations of Nugan-Hand would lead to 
disclosure of a range of dirty tricks played against the Whitlam government (Australian labor 
government).” 76 

(The U.S. Intelligence’s modus operandi of using murder for covering its tracks is further documented when the 
Iran-Contra and October Surprise affairs are reviewed later in this report.) 

John Hand would disappear a few days after the death of Frank Nugan, never to be seen again. Bank operations 
were transferred to HouseHold Bank in Chicago, Illinois, where William Colby would be come the unofficial 
counsel. There, according to Herman Skolnick, Household Bank would continue the work of Nugan Hand. 

Among their functions, transferring covert operations funds, assassination team funding, skimming of 
dope, gambling, and gun-running loot; military, civilian, international. U.S. Military, Admirals and 
Generals, as well as intelligence community officials, supposedly either "retired" , or "on leave", operated 
Nugan-Hand, and aided thereafter Household and its numerous units and subsidiaries. The "tracking the 
money” project was conducted over-all by Household International with the assistance reportedly of 
Systematics, a banking computer services firm, originally a subsidiary of an Arkansas-based 
operation. Targeted have been the banks of both friends and enemies alike. (Vince) Foster and his crew -- 
Hillary (Rodham Clinton) and Webster (Hubbell) — used as a cover that they were supposedly 
"attorneys" for Systematics.... Vincent and Hillary's role in this was arranged and supervised by a 
Chicago-based law firm Hopkins & Sutter.. 77 . 

Many units of Household Finance were shortly thereafter taken over by Harris Bank, which was then taken over by 
the Bank of Montreal. The Bank of Montreal would be controlled by the Bronfmann family, which became heavily 
invested in Barrick Gold. It would be Edgar Bronfmann that would cut a deal with the Swiss banking cartel in 1998 
that would derail U.S. Congressional and Israeli pressure for an investigation into the Holocaust and Marcos gold 
accounts. 

By the end of the 1980s, the banks that had their agents in the OSS intelligence operations at the end of World War 
II were the banks that would be the dominant global players by 2001. 

• Morgan Guaranty Trust 

• Chase Manhattan 

• Citibank 

• Jardine Matheson 

• UBS 

• Deutschebank 

• HSBC 

The covert operations funded by the Black Eagle Trust in the 1960s and 1970s became visible stains on the global 
image of the U.S. despite all efforts to keep them under cover. In an effort to clean house. President Jimmy Carter 
would order the retirement of over 800 covert operatives. 78 Many of these operatives would move into private 
consulting and security firms and be employed as subcontractors for covert operations. Thus began a loose 
association of private operatives that would be referred to as “the Enterprise’’ in the years to come. George H.W. 
Bush, having been CIA Director, had many acquaintances in this group, and would work with them to restore their 
influence and control over U.S. foreign policy and the foreign investment opportunities it created for their benefit. 


12 



Post War Generation of Major US Intelligence Ops 



13 









Taking Control 


Unlike other presidential administrations, the Reagan administration was uniquely characterized by having the Vice 
President - who at that time was George H.W. Bush - in control of Foreign Policy. That control was established in 
an agreement between Bush and Reagan prior to their election. 79 The agreement was later formalized with 
Executive Order 12333 . 80 As William Casey’s biographer pointed out, Reagan “knew little about foreign policy and 
cared less...” and as a result sharpies around the President took over and they ran him.” 81 

In November 1980, Ronald Reagan was elected to the White House on a slim margin of votes, defeating incumbent 
Jimmy Carter. The few percentage points in votes which were responsible for giving Reagan and Bush the victory 
were attributed to President Carter’s inability to rescue and free hostages being held in Iran. 82 The failed rescue 
attempt of the hostages was reported to be the responsibility of Oliver North, Richard Secord and Albert Hakim, 
who planned and controlled the rescue operation. S3 In the meantime, it is reported that the release of the hostages 
by Iran was deliberately delayed by negotiations led by George Bush, and David Kimche of the Israeli Mossad- the 
Israeli equivalent of the U.S. Central Intelligence Agency, and Saudi businessman Adnan Khashoggi. For $40 
million dollars, the Iranians would delay the release of the hostages until after the election. 84 The men involved in 
this operation, referred to in the chapters of history as “the October Surprise” were 

• George HW Bush 

• Adnan Khashoggi 

• Oliver North 

• David Kimche 

• Bob Gates 

• Richard Secord 

• William Casey 

Sixty-nine days after the Inauguration, John Hinkley attempted to assassinate President Reagan. Eight days prior to 
that attempt, there were a series of unprecedented policy changes that put George Bush in charge of Foreign Policy 
and National Security. On March 22, 1981, Bush took control of the "Emergency Crisis Management Staff," in a 
Cabinet meeting. That role conferred new roles and powers on Bush, including "unprecedented powers for a vice- 
president." 85 Vice President George Bush was named the leader of the United States "crisis management " staff, as a 
part of the National Security Council system. 86 Then, on March 30, 1981, eight days after these powers were 
conferred on Bush, President Reagan was shot. On that day, there were actually two unsigned versions of National 
Security Directive 1 (NSDD1), one which made A1 Haig and another which made George Bush the caretaker of the 
“red phone’ in case of National Emergency. The content of either version has never been released to the public. 

Sixty nine days after the inauguration, the man whose operatives had bribed terrorists in violation of American 
policy and law, the man whose close colleagues and advisors planned a failed rescue attempt which cost the lives of 
US soldiers - all with the purpose of controlling the American Presidency, was now in control of US foreign 
policy , S7 

The father of the assassin that put Bush in power was John (a.k.a. Jack) Hinckley, Sr., who was the owner of 
Vanderbilt Oil. Hinckley had been giving maximum donations every year to George H.W. Bush since he started 
running for Congress. “When the Hinckley oil company, Vanderbilt Oil started to fail in the 1960s, Bush, Sr.'s, 
Zapata Oil financially bailed out Hinckley's company. Hinckley had been running an operation with six dead wells, 
but he began making several million dollars a year after the Bush bailout.” John Hinckley, Sr., had also been 
extensively involved in an executive position with U.S. Ministries for World Vision, a widely reported CIA front 
operation. After the Jonestown Massacre, World Vision took over Jonestown. . In The Black Hole of Guyana: The 
Untold Story of the Jonestown Massacre , John Judge painstakingly documents that Jonestown was a CIA operation 
for converting dispossessed and lonely refugees into assassins. In an operation that was falling under Congressional 
investigation, the evidence had to be eliminated - and nearly all the inhabitants were murdered to prevent 
disclosure. 88 

The assassin John Hinckley’s brother Scott Hinckley, and Neil Bush were not only friends, but had recently partied 
together and were scheduled to have dinner with each other that very day. Also, on the very day John Hinckley 


14 



attempted to kill Reagan, three Department of Energy auditors were pressuring Hinckley’s brother Scott, with a $2 
million penalty. This penalty would later disappear. 89 George H.W. Bush, with his new found ‘Emergency’ powers, 
would deny A1 Haig’s formal request for an investigation into the assassination attempt. 

The covert business dealings with the Iranians and Israelis which originated with Kashoggi and Kimche in July 1980 
in Hamburg with the October Surprise arrangement, would grow into a larger covert operation over the years, and 
provide an opening to the Soviet KGB that would allow the U.S. to fund a coup against Gorbachev in 1991. In this 
operation, a number of key Bush policy advisors and operatives would conduct what they collectively viewed should 
be the “honorable and right” foreign policy of the U.S., rather than what Congress had determined what that policy 
should be by law. The October Surprise operation would grow and be overshadowed by the larger Iran-Contra 
operation. Members of Bush’s covert intelligence cadre sold weapons to Iran, an avowed enemy of the U.S., and 
illegally used the profits to continue funding anti-Communist rebels, the Contras, in Nicaragua. Viewed as anti- 
communists, the CIA Director characterized them as being motivated by greed. 90 The premise of using covert 
funding to fight the cold war would re-emerge a few short years later when the Bush cadre decided to take on the 
Soviet Union. 

The entire Iran-Contra operation almost fell apart in 1986 and became public when the Nicaraguan government shot 
down a U.S. plane carrying weapons to the Contra rebels, and captured the U.S. pilot- Eugene Hasenfus. The 
discovery of these shipments - a violation of U.S. law - initiated a series of Congressional investigations and an 
investigation by an Independent Counsel. The meetings in Hamburg and Paris which were held to prevent an 
October Surprise were never mentioned, and the two pilots who flew Bush to Paris were immediately imprisoned 
and discredited when they sought to testify in front of Congress. A court would later find the charges against the 
pilots to be without support, but by that time their testimony had been blocked and discredited. 

“Gunther Russbacher .. claimed to have videotape proof and sixteen witnesses to his having flown George 
Bush to one of the October Surprise meetings.” 91 

Ari Ben-Menashe a major Israeli coordinator of these deals, would also testify that he had personally seen George 
H.W. Bush at the Paris meeting 

“In June, I also testified under oath, in closed session, before the Senate Foreign Relations committee . I 
stated unequivocally that I had, seen Bush in Paris.” 92 

According to Ari Ben-Menashe, a major Israeli coordinator of these deals, four of the five supply chains set up to 
arm Iran were never investigated, and continued to operate right through the Congressional Hearings on Iran 
Contra. 

“...Tower knew perfectly well there was an ongoing arms channel. Yet the Tower Commission made no 
mention of it. In February 1987, while Tower was investigating a minor part of the sales to Iran, the Joint 
Israel-Iran Committee, together with Robert Gates, ran the biggest ever arms supply operation to Iran. The 
official inquiry was better than any smokescreen we... could have dreamed up.” 93 

Quite simply, the Iran-Contra team continued to violate the law even while being investigated by Congress. There 
were a few indictments and convictions as a result of the Iran-Contra affair, but generally those involved were 
exonerated. Bush later pardoned the few lower level government officials that were indicted and convicted. Dick 
Cheney was one of the Congressional committee members that decided that no crimes had been committed, and that 
Bush was not involved. Robert Mueller, who as U.S. Attorney headed the Noriega (a related Iran-Contra inquiry) 94 
and the BCCI investigations, 95 found no evidence pointing to illegal behavior by George H.W. Bush. His subsequent 
investigation into Enron found no wrong doing by Enron. 96 Mueller would later be called up to head the WTC 
Investigation. 

To support this cover-up of the Iran-Contra operations, witnesses had to be silenced. 

“ Navy Lt. Commander Alexander Martin was, in effect, the chief accountant for the Reagan/Bush drug 
operations run by Marine Lt. Col. Oliver North, through an obscure arm of the White House National 
Security Council called the National Programs Office. In a radio interview with talk show host Tom 
Valentine last July, Martin spoke not only of drugs and money, but death. "Out of roughly 5,000 of us who 


15 



were originally involved in Iran-Contra , approximately 400, since 1986, have committed suicide, died 
accidentally or died of natural causes. In over half those deaths, official death certificates were never 
issued. In 187 circumstances , the bodies were cremated before the families were notified. " Martin then said 
he was lying low.” 97 

‘‘The Manhattan DA. who closed the American branch (of the BCC1) announced that 16 witnesses had 
died in the course of investigating the bank's entanglements in covert operations of the CIA, arms 
smuggling to Iraq, money laundering and child prostitution.” 98 

‘‘From October 30th to Christmas eve there were four attempts to kill, me and our friend William Smith, 
who everyone thinks is a high ranking Naval Intelligence officer. During that same time over fifty CIA 
operatives, their wives and families were killed in an attempt by the Robert Gates faction of the CIA to 
cover its tracks before Clinton's team came to power. After the last attempt on my life, my husband's SEAL 
team arranged safe passage for me to Vienna, Austria, where I stayed until Robert Gates was removed as 
Director of the CIA.” 99 

Ari Ben Menashe writes that Amiran Nir was assassinated to prevent his testimony at the trial of Oliver North. That 
testimony would have implicated George H.W. Bush. 100 Senator John Heinz and Senator Towers would later meet 
the same fate as Amiran Nir - death by plane crash. The pattern of taking the lives of anyone who created a risk of 
exposure of these National Security operations was repeated in 1991, and again in 2001. 

The names of the individuals involved in the Iran-Contra scandal include: 

• George H.W. Bush 

• Adnan Khashoggi 

• Oliver North 

• David Kimche 

• Richard Secord 

• Richard Armitage 

• Russell Hermann 

• Bob Gates 

• Shiek Kamal Adham 

• Khalid bin Mahfouz 

• Dick Cheney 

• Farhad Azima 

• Alton G. Keel Jr. 

• Bruce Rappaport 

• Alfred Hartmann 

• Porter Goss 

• Richard Armitage 

• Shaul Eisenberg 

• Robert Mueller 

Most of these would become the key operatives in the secret war against the Soviet Union. 

As the Iran-Contra operation was unfolding, on the other side of the world, another important development was 
occurring. Ferdinand Marcos, the pro-U.S. dictator of the Philippines was being muscled by the Bush foreign policy 
machine to hand-over to the U.S. by what is estimated by some to be possibly as high as an additional 73 thousand 
tonnes of the remaining Golden Lily Treasure. At that time, the treasure had an estimated value of $500 to $600 


The individuals associated with this operation were 

• George HW Bush 

• Adnan Khashoggi 

• Oliver North 

• Russell Hermann 

• Paul Wolfowitz 


16 



U.S. intelligence operations had been siphoning off the Marcos gold for three decades. Ferdinand Marcos, however, 
continued to discover even more of the buried treasure. Marcos had started to sell it on the market during the 1970s 
in bits and pieces, with the assistance of Adnan Khashoggi. 102 For some unknown reason, the Enterprise decided 
they wanted it all in 1986. That reason is now known - being to fund a war against the Soviet Union. Vice President 
George Bush ultimately took the gold from Marcos in 1986 when Marcos was forced out of office. It is estimated 
that Marcos was in possession of 73,000 tonnes of gold at that time. 103 In removing Marcos from office, the U.S. 
was supported by his General Fidel Ramos, who defected from Marcos’s ranks to support Corazon Aquino. Fidel 
Ramos was later made a Board member of the Carlyle Group. The Marcos gold was removed to a series of banks, 
most notably Citibank, Chase Manhattan, Hong Kong Shanghai Banking Corporation, UBS and Banker’s Trust, and 
held in a depository in Kloten Switzerland. Bush administrators involved in the forced departure of Marcos were 
Richard Armitage and Paul Wolfowitz. Adnan Khashoggi was also involved, helping move the gold. It was at this 
time that Khashoggi , Shiek Kamal Adham, Khalid bin Mahfouz, and Peter Munk would create a Canadian gold 
mining company called Barrick Gold. 

• Adnan Khashoggi was the international arms merchant that has supported the October Surprise and Iran-Contra 
deals and helped Marcos sell his gold on the market; 

• Shiek Kamal Adham was Chief of Saudi Intelligence; 

• Khalid bin Mahfouz was a Saudi investor in several Bush family companies... notably Harken Energy, and a 
20% owner of the BCCI. 

Much later, Kashoggi and Adham would be primary investors in a Dubai base company named Oryx. Oryx, along 
with U.S. investor Wally Hilliard would be the owner of Huffman Aviation where Mohammad Atta and several 
September 1 1 hijackers would do their flight training . 105 Hilliard would later be shown to have the backing of the 
Bush family, Jeb Bush in particular. 106 

Barrick would become a quiet gold producing partner for a number of major banks, and its activities subject to an 
FBI investigation into gold-price-fixing. The records on this investigation were kept in the FBI office on the 23rd 
floor of the North Tower which was destroyed by bomb blasts shortly before the Tower collapsed. The ultimate 
destination of the Golden Lily Treasure, and the source of the ‘loaned’ gold that flooded the market for 10 years has 
never been officially explained. 

A key player in the Marcos gold would be Banker’s Trust, which was taken over by Alex Brown & Sons, after 
Banker’s Trust floundered financially on its Russian loans in the mid 1990s. These Russian loans were facilitated by 
Enron, starting in August of 1993, and very possibly were part of the Project Hammer takeover of Soviet industry. 
Alex Brown 1 s involvement would bring to the forefront the names of three names of individuals who would play 
multiple roles in this mystery: 

• Buzz Krongard 

• Mayo Shattuck 

• J Carter Beese Jr. 

Buzz Krongard is reported as the mentor of Beese and Shattuck from their years together at Alex Brown. 
Additionally, he managed the merger between Bankers Trust and Deutschebank Alex Brown. Bankers Trust, Zurich 
was a key Marcos gold holder. Krongard would move on to become Chairman of the investment bank A.B. Brown, 
Vice Chairman of Banker's Trust, and Executive Director of the CIA at the time of September 1 1 . 

Mayo Shattuck would be reported to be the personal banker for Adnan Khashoggi and Edgar Bronfmann during 
their partnership at Barrick Gold. 107 He would move on to become the CEO of Deutschebank who would resign as 
CEO for unexplained reasons the day after September 11, and would not be at the WTC office that day when the 
tower collapsed. It was his bank that was identified as the source of the illegal stock options that indicated there was 
insider trading taking advantage of the September 11 tragedy. After September 11, he would immediately move 
over to the firm that would replace Enron as the primary oil and gold derivatives trader - Constellation Energy. 

Carter Beese, before showing up to work at Alex Brown was schooled at the CIA training facilities of the U.S. War 
College and John Hopkins. George H.W. Bush appointed him to the board of directors of the Overseas Private 
Investment Corporation in 1992. Since 1992, OPIC has provided more than $4.5 billion in finance and insurance to 
more than 140 projects in Russia. He was also Chairman of Riggs Bank, as well as an SEC Commissioner 
(appointed by Bush.) Additionally, he was Chairman at Alex Brown from 1994 to 1997, and would move from there 
to also be vice-Chairman of Bankers Trust. He was also President of Riggs Capital Partners. Riggs controlled the 


17 



famous Riggs- Valmet consultants who set up the international financial apparatus for the Russian oligarchs and 
rogue KGB allowing them to steal the Soviet treasury and destroy the Russian economy. Carter Beese’s death was 
reported as a suicide in 2006. 

What happened to the Marcos gold after it was confiscated by U.S. agents in 1986 has never been reported, but 
throughout the early 1990s, the world gold market would be befuddled by the mysterious appearance of thousands 
of tonnes of gold which appeared to suppress the price of gold. An initial lawsuit was opened against the U.S. 
Government by renowned lawyer Mel Belli, who represented a relative of the deceased Santa Romana, attempting to 
claim his gold from Citibank. /,,lS That suit remained open in 2007. There were two subsequent lawsuits introduced in 
the U.S. against a number of financial institutions and Alan Greenspan to determine the source of this gold. Gold 
traders suspected the U.S. Treasury was the source of this gold, and contended that U.S. gold stock was being 
illegally manipulated for private gain by the bullion banks. The first lawsuit by Reginald Howe was seen as having 
merit and cause, but was denied by the court for jurisdictional reasons. A second suit by Donald W. Doyle of 
Blanchard in which Barrick Gold was a primary defendant was settled out-of-court in 2006 and sealed under 
agreement. Barrick was also mentioned in the Howe suit as a knowledgeable party. In 1992, Barrick had received 
special treatment from George H.W. Bush during the last several days of his Presidency, when for a nominal 
$10,000, Barrick received rights to mine deposits ‘valued’ at $10 billion on public domain lands in Nevada. 109 
While there was nothing illegal to the arrangement, a special process put in place by President Bush allowed Barrick 
to use outside specialists to determine the value of the claim, allowing them to control the appraised value of the 
deposit. That special process was not made available to other mining applicants. Shortly thereafter, George H.W. 
Bush served on the Advisory Board of Barrick Gold. In the long term, the Barrick operation would create billions of 
dollars of paper gold by creating ‘gold derivatives’, under the reports that a Nevada claim whose potential was 
doubted by industry experts had actually produced a fortune. 110 A major distribution channel for the sale of Barrick’s 
gold futures would be Enron. Enron would also become the vehicle by which oil and gas contracts from the former 
Soviet Union (vehicles for Soviet money-laundering) were processed, and it too would become collateral damage of 
the Cold War. 

Interestingly, Barrick, which has no mining operations in Europe, uses two refineries in Switzerland: MKS Finance 
S.A. and Argor-Heraeus S.A. - both on the Italian border near Milan, a few hours away from the gold depository in 
Zurich. The question that Barrick and other banks needed to avoid answering is: what gold was Barrick refining in 
Switzerland, as they have no mines in that region? 

The Vulcan’s Covert Economic War on the Soviet Union 

Having found a source of funding for an economic war against the Soviet Union, it appears the Bush ‘war cabinet’ 
who called themselves “the Vulcans’’ laid out a four phase strategy. These Vulcans would be the very same 
individuals brought back to public service by George Bush Jr 10 eight years later, under the guidance of the elder 
Bush and Dick Cheney. 

In preparation for their war against Communism, and in the years leading up to the failed -or faux -coup of August 
1991 which initiated the last days of Gorbachev and the rise of Yeltsin, Bush and a cadre of rogue KGB officials 
built a complex international network of banks and holding companies that would be used to takeover ownership of 
the Soviet economy. Over 300 of these KGB traitors who supported this operation would later be re-located to the 
US in the early 1990s and pensioned . 3// Periodic CIA reports to Congress would review KGB and organized crime 
complicity in the takeover of Russia by criminal elements, but all mention of the formidable role of the U.S. would 
be expunged from Congressional oversight and the public record. 11 " 

In the first phase of the economic attack on the Soviet Union, George Bush authorized Leo Wanta and others to 
destabilize the ruble and facilitate the theft of the Soviet/Russian treasury. This would result in draining the Russian 
treasury of between 2,000 to 3,000 tonnes of gold bullion, ($35 billion at the time). 113 This step would be critical to 
prevent a monetary defense of the ruble and destabilize the currency. The gold was ‘stolen’ in March of 1991, 
facilitated by Leo Wanta and signed off by Boris Yeltsin’s right hand man. The majority of the leaked reports from 
the CIA and FBI suggest the theft of the Russian treasury was a KGB and Communist party operation, but what 
those reports omitted was the extensive involvement of Boris Yeltsin, the U.S. CIA and the U.S. banking industry. 


18 



A key player on the Soviet side of this theft with Wanta was Gregori (a.k.a. Georgy, Georgii) Matyukhin, former 
KGB official who had been made the first Chairman of the Central Bank, and after the collapse of the economy, was 
made to resign “for health reasons”. 114 In fact, it was Matyukhin who authorized large capital transfers to 
Chechnya, the source of the Chechen ‘advice notes’ that Kozlov attributed to as the source of the theft of the Soviet 
Treasury. 


“It all began in the summer of 1991 when Ruslan Khasbulatov, First Deputy of Boris Yeltsin who was 
then Chairman of the Supreme Soviet of the RSFSR, decided to help his fellow countrymen and 
instructed head of the Central Bank of the RSFSR Grigory Matyukhin to provide peasant farms in 
Chechnya with credits.... after the fulfilment of Khasbulatov' s assignment, the tiny republic became the 
largest issuer in the RSFSR. The share of the incomes of the population paid through money printing 
exceeded 40% (17% on average across the country ). The cash sums received by co-operatives in banks 
exceeded the cash which they returned by 50 times, which was also far above the level of other 
territories.’’ 115 

Later, it was discovered that Matyukhin was actually working for the CIA. 116 

In the second phase, Wanta, George Soros and a group of Bush appointees would begin to destabilize the ruble. 
There were two major operations: the largest was coordinated by Alan Greenspan, Oliver North, and 
implemented by Leo Wanta. They are accused of fronting $240 billion in covert securities to support the various 
aspects of this plan. 117 These bonds were created (in part or in whole) from a secretive Durham Trust, managed 
by ex- OSS/CIA officer. Colonel Russell Hermann. This war chest had been created with the Marcos gold and 
possibly augmented by illegal inverted yield curve gains on the collateral held by the U.S. during the global debt 
resettlement on 1989.' 18 

The coup would be the third phase. The KGB was well aware of President Bush’s eagerness to see a collapse of 
Gorbachev. Many who observed the coup described it as faux coup, which was never intended to succeed Yeltsin 
himself writes in his memoirs that the coup was actually a veiled, pro-Yeltsin coup. 1 19 The generals who conducted 
the coup said the same. 120 

The 1991 coup against Gorbachev was engineered by KGB General Vladimir Kruchkov 121 who reported to 
General Victor Cherbrikov. Both of these men were business partners with Robert Maxwell, a British financial 
mogul, a documented Israeli secret service agent, and a representative of U.S. intelligence interests. Maxwell 
assisted Cherbrikov in selling military weaponry to Iran and the Nicaraguan Contras during the course of the Iran 
Contra deals, and made hundreds of millions of dollars available to Cherbrikov’s Russian banks. 12 " Shortly 
before the attempted coup of 1991, Maxwell met with KGB General Vladimir Kruchkov on Maxwell’s private 
yacht. 123 A year earlier, it had been Maxwell that initiated the dialogue about a coup with Kruchkov. 124 In the 
same month as the coup. Maxwell was in Russia and received $780 million dollars from the CIA via the Israelis 
to pass on to General Kruchkov. 125 Maxwell’s chief U.S. connection was Senator John Tower, who was long 
time confidante of George H.W. Bush and participant in the October Surprise. After his Senatorial career. Tower 
actually worked for Maxwell on the Board of one of Maxwell’s smaller publishing firms - Pergamon-Brassey. In 
this operation. Maxwell was supported by a former four star general, a retired U.S. Air Force General and a 
retired British Major General. 126 It was Tower who released a statement exonerating Bush from involvement in 
the October Surprise before the Tower Commission had interviewed even a third of the scheduled witnesses. 
This statement is now seen as all the more brazen in that the commission was provided with eye-witness 
testimony from two individuals who said they saw Bush at the meeting, as well as being provide a list of 16 more 
witnesses and a video-tape. Tower had arranged for the Israeli government to provide a $1 billion dollar 

loan to Maxwell in 1988, 129 and given the generosity of U.S. financial aid to Israel, it might be fair to argue this 
was a pass-through loan. 130 Tower had introduced Maxwell to George Bush in 1976, for the sole purpose of 
using Maxwell as an intermediary between Bush and the Soviet Intelligence. 131 Shortly after the coup. Maxwell 
died mysteriously on his yacht after attempting to blackmail the U.S. and Israeli intelligence operations. It is 
widely rumored that he was assassinated by either CIA or Mossad agents in lieu of them delivering his expected 
blackmail payment. Maxwell’s link back to George Bush died just as mysteriously. Senator Tower died in a 
plane crash and under suspicious circumstance in April of 1991. Maxwell’s wife was advised by a CIA agent to 
discourage any investigation into her husband’s death if she valued her life. 132 The audio tapes he kept of his 
phone calls with Kruchkov disappeared. 133 


19 



The coup was presented by the media as the haphazard, poorly organized effort of dissident hard-liners, 
suggesting a group of senior, hardened military officials got drunk, and in a moment of absent-mindedness, 
decided to overthrow the government. 

“The accounts reportedly given by the three imprisoned plotters suggest that their coup was haphazardly 
planned. Mr. Pavlov , for example, said the plotters simply hoped that the Supreme Soviet would approve 
their action and that afterward "things would be worked out." Mr. Yazov said that at a key meeting on Aug. 
18 at which the coup was planned, he, Mr. Kryuchkov and a third plotter, Boris K. Pugo, former Interior 
Minister, who later committed suicide, were all drunk. Mr. Pavlov told his interrogators that he also 
consumed "quite a decent amount of alcohol” at that meeting. “ 13 

It was widely reported that three of the nine primary conspirators committed suicide after the failed effort. What 
was rarely mentioned was that two of these senior veterans were thrown out of windows, and a third - Boris 
Pugo, shot himself in the head three times. 

“What's the hardest way to kill yourself? Three bullets to the head certainly ranks. According to Moscow 
police sources, that was the actual cause of death for coup conspirator Boris Pugo, the Soviet Interior 
Minister who was officially described as having "committed suicide" when the August putsch fizzled . As for 
two other top Communist officials reported to have killed themselves by leaping from windows, sources say 
they probably were pushed in order to silence them. They apparently knew too much about the smuggling of 
Communist wealth out of the country as the party collapsed.” 135 

The only individual officially linked to the death of Boris Pugo was Viktor Erin, the KGB officer personally 
involved in the ‘arrest’ of Boris Pugo 136 Erin would later become a General Director for Bank Menatep, and be 
accused of loan fraud and theft, as part of Putin’s crackdown on the Yeltsin gang. 137 Rather than being a coup 
about ‘policy and honor,’ like so many events linked to Project Hammer, the coup was all about the money. The 
CIA was moving hundreds of millions of dollars to the Generals before the coup through Robert Maxwell. 138 
The people who could best explain the transactions were apparently murdered. The group responsible for the 
murders are then later linked via Bank Menatep to the financial groups that funded the coup. As for the other 
traitors in the coup, they were all released from prison two years later by Yeltsin. 139 

The coup actually seems to have been a long time in the making, with Yeltsin having discussed the coup with 
Bush during his visit to the United States in June of 1991. 140 That same summer, Yeltsin dined ‘discretely’ with 
the Chairman of the New York Federal Reserve, Gerald Corrigan, while the rest of the Moscow mission dined 
with Gorbachev. 141 The discussions prompted by Maxwell with Kruchkov regarding Kruchkov’s interest in a 
coup are dated to the summer of 1990. 14 " 

The coup began the dissolution of the Soviet Union 143 and the beginning of the reign of Boris Yeltsin and his 
‘family’ of Russian Mafiya Oligarchs, and President Nursultan Nazarbayev of Kazakhstan. At that point, the two 
out of three votes required to dissolve the Soviet Union were in the pocket of President George H.W. Bush, those 
being the votes of Yeltsin and Nazarbayev. 

In the final phase, a series of operatives assigned by President George H.W. Bush would begin the takeover of 
prized Russian and CIS industrial assets in oil, metals and defense. This was done by financing and managing the 
money-laundering for the Russian oligarchs through the Bank of New York, AEB and Riggs Bank. All of them, 
notably Blackstone Investment, would be out to line their own pockets. 144 Blackstone would ultimately turn out 
to be the investor behind Larry Silverman’s purchase of Building 7 of the WTC six weeks before the September 
11 attack. 145 By controlling financial interest in the loss of the WTC, this group could quiet any investment 
community demand for investigations into the criminals behind the WTC attack. 

A closer look at other activities leading up to these phases makes it clear that is was a U.S. orchestrated 
intelligence effort from the beginning. The economic war also involved Gerald Corrigan of the NY Federal 
Reserve Bank, George Soros, an international currency speculator who was responsible for crashing the British 
pound a few years earlier, former Ambassador to Germany R. Mark Palmer, and Ronald Lauder- financier and 
heir to the Este Lauder estate. Palmer and Lauder would lead a group of American investors in an Operation 


20 



called the Central European Development Corporation, and combine forces with George Soros and the NM 
Rothschild Continuation Trust. 146 This group ending up controlling Gazprom, the Russian natural gas giant, 
while the Riggs group ended up controlling Yukos, the oil giant. Ownership for both remains largely ‘hidden’ 
today, and its front men enduring the hardships of the Russian wrath by spending time in prison. 

In 1988, Riggs Bank, under the direction of Jonathon Bush and J Carter Beese, would purchase controlling 
interest in a Swiss company named Valmet. Stephen Curtis, a lawyer from Dubai, controlled Valmet. Curtis died 
in a helicopter crash in 2005, shortly after telling a friend that if he died in the near future, it would not be an 
accident. 147 In early 1989, the new subsidiary of Riggs called Riggs-Valmet would initiate contact with a group 
of KGB officers and their front-men to start setting up an international network for moving money out of the 
former Soviet block countries. 148 In 1989, Jonathon Bush as an ‘official’ representative of his brother, would 
tour Eastern Europe and the Ukraine. In November 1989 George H.W. Bush appears to have arranged for Alton 
G. Keel Jr, a former National Security Agency Director and a minor player in the Iran-Contra scandal, to go to 
work at Riggs Bank, where Jonathon Bush - George’s brother was an executive Vice President. Keel would head 
up the International Banking Group. 149 This bank would later be used to funnel money to mujahedin terrorists in 
Bosnia by Richard Perle, 150 but for now, its target was to become the controlling owner of a small Swiss bank 
operation known as Valmet. The Riggs-Valmet operation, as it became known, would become the ‘consultants’ 
to the World Bank and to several KGB front operations run by future Russian oligarchs Khordokovsky, 
Konanykhine, Berezovsky and Abromovich. The Riggs-Valmet agents would advise the top four oligarchs in 
how to construct their vast money laundering schemes, and would provide guidance to western investors by 
touring Russian oil and gas operations to provide guidance on investing. 151 These soon to be Russian oligarchs 
had been set-up as front men by KGB Generals Aleksey (a.k.a. Alexei) Kondaurov; and Fillipp (a.k.a. Phillip) 
Bobkov, who would also sponsor Anton Surikov, also reported as an agent for Western Intelligence. 152 Both 
Kondaurov and Bobkov previously reported to Victor Cherbrikov, who worked with Robert Maxwell. Both 
Bobkov and Kruchkov (the August coup leader) were ideologically aligned 153 , and worked together on 
structuring the Communist Parties economic activities starting in October 1990. 154 Kondaurov and Alexandre 
Konanykhine would bring a here-to-fore unknown politician and construction foreman named Boris Yeltsin from 
the hinterlands of Russia to the forefront of Russian politics through generous campaign financing, providing 
50% of Yeltsin’s campaign funding. In the meantime, Riggs Bank was quickly solidifying banking relations 
with a couple more of the old Iran-Contra scandal participants: Swiss bankers Bruce Rappaport, and Alfred 
Hartmann. It is through this group that George Soros was engaged, who then opened a second front assault on 
the ruble. Rappaport and Hartmann would also extend their operations network to include of the Bank of New 
York, and from Israel, The Eisenberg Group. It is at this stage of the operation that three more groups would be 
brought into the plan by Rappaport and Hartmann: The Russian Mafiya, the Israeli Mossad, and the Rothschild 
family interests represented by Jacob Rothschild. 

Soros and Rapport would ensure that the Rothschild financial interests would be the silent backers for a number 
of the undisclosed deals. By example, ten years later when Vladimir Putin sent Khordokovsky to prison for 
money laundering and tax evasion, Khordokovsky would identify Jacob Rothschild as his major silent partner, 
and ‘sign over’ his shares in the oil giant Yukos to Rothschild before he went to prison. 155 The Rothschild 
interests would also been seen on the board of directors of Barrick Gold, which may have been used to launder 
Russian and Philippines treasury gold, and later on the Board of the mercenary operation Diligence whose 
Russian arm would be a Russian mercenary operation known as Farwest Ltd. 156 Farwest was controlled by Anton 
Surikov, another ex KGB/CIA agent sponsored by Bobkov and Kondaurov. 

Rappaport would also introduce an American gentleman named “Bob Klein’’ to the Russians and his Bank of 
New York partners. Klein worked with the operation for several years, and when the Feds began its inquiries into 
the Bank of New York money-laundering scandal in the late 1990s, no one could prove Bob Klein ever existed, 
and he simply vanished. 157 No one ever thought to suggest that the presence of this “spook” indicated this was an 
intelligence operation from the very beginning. 

In the fourth phase of the secret war, the Enterprise worked on several fronts to take over key energy industries. 
On the Caspian front of this economic war, James Giffen was sent to Kazakhstan to work with President 
Nazarbayev in various legal and illegal efforts to gain control of what was estimated to be the world’s largest 
untapped oil reserves -Kazak oil in the Caspian. Despite much testimony to the contrary, the U.S. government 
would deny that Giffen was working on its behalf. 158 Giffen would later be tried in the U.S. for money 


21 



laundering and corrupt practices. Giffen was convicted but apparently never sentenced. This is a common 
technique used by the U.S. Department of Justice where the silence of the convicted party is required. The 
illegal flow of money from the various oil companies would reach a number of banks. These same oil interests 
would engage March Rich and the Israeli Eisenberg Group, owned by one of the Mossad’s key operatives, Shaul 
Eisenberg, to move the oil. (The Eisenberg Group would at some point own almost 50% of Zim Shipping, which 
mysteriously and inexplicably moved out of the World Trade Center a few weeks before the September 11, 
attacks .) 

Meanwhile, across the Caspian Sea, Bush had assigned a wide array of former Iran-Contra operatives to take a 
role in Azerbaijan, with the thought of 1) disrupting the flow of oil to Russia, 2) creating an opportunity to build 
a pipeline from the Caspian to the Black Sea, and 3) taking over rights to oil plots on the western shelf of the 
Caspian. Initially, he sent in the covert operatives Richard Armitage and Richard Secord who worked with their 
old colleague from the Mossad, David Kimche, and their old arms running colleagues Adnan Kashoggi and 
Farhad Azima to hire, transport, and train several thousand A1 Qaeda mercenaries to fight on behalf of the Azeri 
freedom fighters! 159 Osama Bin Laden was reported to have been part of this mercenary force set up Armitage 
and Secord. 160 Osama Bin Laden had been retained by the CIA to recruit Afghan mercenaries starting in 1979. 161 
The recruiting role would later be transferred from Bin Laden to a company called the Allied Media Corp. 162 
Coincidentally, the Allied Media Corp. would be linked through the Moroccan American Chamber of Commerce 
to Hassan Erroudani, a Florida business partner of Mohammed Atta, the agent reportedly responsible for the 
September 11 th attacks. In a second wave of the Azeri operation. Bush would support the creation of the US 
Azerbaijan-American Chamber of Commerce and its Advisory Board which included Dick Cheney, Richard 
Armitage, Richard Perle and Karl Mattison of the Riggs Bank. 163 

Those were the major operations launched to collapse the Soviet economy and take over it’s key assets. These 
operations were assisted by a range of allies of the Bush strategy, and traitors to the Soviet Union. As the Soviet 
Union collapsed, they would line their own pockets, and those of their western backers. 

On the Soviet - Russian side of these activities, the record shows that the early oligarchs were sponsored and 
protected by two KGB Generals 

• Generals Aleksey (a.k.a. Alexei) Kondaurov; 

• Fillipp (a.k.a. Phillip) Bobkov. 


22 



Key Players in the Russian Takeover 



Mossad 



1991 Soviet Coup - the Real Objectives 



cede 

Central European 
Development Corp. 

50 % Altalanos 

Ertekforgalmi 

Bank 

(AEB) 




f A S300 Billion 

2007 

3 GAZPROM 


JOINT-STOCK COMMIT 


Gazprom Gas 


23 









These generals, in turn, would be sponsors for the Yeltsin family oligarchs and indirectly accused of arranging 
for Muslim terrorist activities to enhance the political future of the Yeltsin family. 164 The individual sponsored 
by them to coordinate private military activities was Anton Surikov.” He would be a founder of the Russian 
private military group named Farwest Ltd. Farwest was an ex-KGB/Russian military operation which would be 
reported to be used by the Yeltsin family to hire phony “Muslim terrorists’’ for the purpose of enhancing the 
Yeltsin family control on the Russian economy. Members of Far West would be reported by French and US 
agencies to have dealings with Shamil Basayev, who was trained at CIA funded camps in Afghanistan and 
Pakistan. 165 Besides his connections to Afghanistan, Basayev was an associate of the A1 Qaeda operative Abu 
Hafs. 166 According to local reports, Abu Hafs was allowed to escape by American forces, and according to one 
report, was actually captured and released by American forces in Georgia. 167 

Basayev would be reported to be paid by Far West to wage Muslim attacks on Russian civilians. 168 Adnan 
Khashoggi was reported to be the intermediary for that arrangement, with the meeting taking place at his villa on 
the Mediterranean. Farwest is financially linked to Alexei Kondaurov and Khordokovsky through The Institute 
of Globalization Studies (IPROG) for which Surikov works. Far West has received clearance from the CIA to 
work for Halliburton and Diligence. 169 

Diligence and its sister company New Bridge would demonstrate the Western political and financial muscle 
working with the Yeltsin family. Its key members would include 

• Chairman Richard Burt, Director of Deutschebank Alex Brown, thus linked to Carter Beese, Mayo Shattuck 
and Buzz Krongard; 

• Neil Bush, son of President George HW Bush; 

• Ed Rogers, lobbyist and US spokesperson for Shiek Kamal Adham and Adnan Khashoggi, and the Russian 
Alpha Group. As spokesperson for the Alpha Group, this high level lobbyist represented one of the major 
Russian crime organizations; 

• Lord Powell, who was previously reported on the Advisory Board of Barrick, is widely reported as a 
spokesperson for the Rothschild family investments; 

• William Webster, former Director of the CIA and Director of the FBI 

These men, with Halliburton, would become the employers of Far West . In doing so, they would demonstrate 
their willingness to hire and retain political terrorists. Ultimately the Bush organization partnership with Farwest 
demonstrates: 

• that Adnan Khashoggi, a key participant in multiple aspects of the 9! 11 motive and planning, clearly had 
no hesitation to facilitate operations which result in political terror and mass murder, and a documented 
track record of doing just that! 

• that the Bush family financial apparatus, including Dick Cheney, conducts on-going business with an 
organization (Farwest) that arranges contract political terror using Muslim terrorists with the same 
background as Al Qaeda, and is a major drug conduit! 

• that the Russian/Israeli Mafiy a family ( the Yeltsin Family in particular ) that has reaped billions of dollars 
from Bush largesse since 1991 uses the same political terrorist professionals as the Bush led intelligence 
operations! 

• that the Bush apparatus belli had other channels besides Armitage and Secord to hire Al Qaeda trained 
mercenaries! 

The Oligarchs and the West 

In the late 1980s, under Gorbachev, Generals Bobkov and Kondaurov sponsored several bright young “Russian’ 
entrepreneurs, and arranged for them to work with a group of consultants out of Switzerland know as Riggs- 
Valmet. 170 This was the very same Riggs operation set up by George Bush in 1988 under the watchful eye of his 
brother and former National Security Council director. The names of these first generation oligarchs were 

• Mikhail Khordokovsky 

• Alexander Konanykhine 

• Boris Berezovsky (Berezovskii) 

• Roman Abramovich 


24 



Alexander Konanykhine would be responsible for up to half of the campaign financing for an unknown Russian 
Congressman from the remote regions of Russia known as Boris Yeltsin. Yeltsin would win the election and 
become President of Russia. Under KGB protection, Konanykhine opened a series of banks used for moving 
Russian money out of Russia, most notably the Russian Exchange Bank, the European Union Bank and his 
partnership with Mikhail Khordokovsky in the Bank Menatep. The European Union Bank was actually a money 
laundering operation in Antigua run as an internet bank. The computers used to operate the bank were traced to 
Val Kulkov, an associate of Konanykhine, at Suite 347, 1429 Pennsylvania Avenue in Washington DC. The 
internet address for the bank belonged to a block of Internet addresses owned by a company called Aegis. Thayer 
Equity Investors, of 1445 Pennsylvania Avenue, which controlled Aegis at the time, is located on the third floor 
of the same building. Thayer Equity’s address was also used at one time by the Hohlt Group, which now resides 
at 1433 Pennsylvania Avenue, virtually right down the hallway. Interest is taken in these groups, because the 
men who control them are major financial power brokers of the U.S. Republican Party: Frederick Malek (Thayer 
Equity ) and Richard Hohlt (the Hohlt Group). Hohlt is a reported associate of Richard Armitage. 

Oligarch Mikhail Khordokovsky would be responsible for setting up the primary financial organization for 
taking over Russian oil and gas industries, as well as moving money out of the country: Bank Menatep. Over 
time, Riggs would reduce its control of Bank Menatep from 51% to a public 4%, although total ownership of the 
institution remains cloaked by offshore privacy allowances. Khordokovsky ’s dealings would also involve a 
takeover of the gas industry: Gazprom, and with it AEB, which had been originally controlled by Palmer and 
Lauder. 

Oligarch Roman Abramovich worked with Valmet-Riggs to buy into the Siberian oil giant Sibneft. 171 
Abramovich started with an energy trading company called Runicom which was owned totally by Valmet-Riggs. 
The true beneficial owners of Runicom were never disclosed. l7 ~Abramovich ran his operations out of the offices 
of one of the Swiss subsidiaries of Bruce Rappaport, the former BCCI and Iran-Contra banker. Their start-up 
business was trading oil and gas. As part of his trades, he would soon engage and partner with Oligarch Boris 
Berezovsky. 

Oligarch Boris Berezovsky reportedly received his start as a used car dealer, with strong Mafia connections. He 
too would be reported to have received guidance from Riggs-Valmet, and would become partners with Roman 
Abramovich. His role appears to have been providing the ‘muscle’ behind various financial takeovers where 
there was a reluctance to sell. 

The four of them would control the Russian oil and gas industry, and be front men for the hidden beneficiaries 
set up under the guidance of the consultants of Riggs-Valmet. This report speculates that the hidden 
beneficiaries, if ever found, would ultimately expose the illegal beneficiaries of the Black Eagle Trust, Project 
Hammer etc., and would be one and the same as the beneficiaries of the $240 billion security clearance in the 
aftermath of September 1 1 th . 

South of Russia, in Kazakhstan, President Nursultan Nazarbayev was working initially with James Giffen to 
open the oil flow to western economies. Shortly after Giffen established a foothold, Nazarbayev was working 
with Shaul Eisenberg, Marc Rich, Dick Cheney and George Soros. The FBI investigation into James Giffen’s 
activities that might have violated the U.S. Corrupt Practices act had its records stored on the 23rd Floor office of 
the FBI in the World Trade Center. The scope of the Giffen trial was limited by the court to activities from 1994 
and forward, against the protests of Giffen’s lawyers. The lawyers contended they needed the scope of Giffen’s 
activities opened as far back as 1991, so that Giffen could show he was working under White House directives. 
Pulitzer prize winner Seymour Hersh reported that there were thousands of illegal oil swaps made during the 
early years under President Nazarbayev’s - but none of these ever came to light during the Giffen trial. 173 

The Great Ruble Scam 

With an understanding of the economic war being waged on the Soviet Union, the focus needs to turn to reports 
that on September 11, 1991, President George Bush was responsible for issuing $240 billion dollars in secretive 
bonds as a part of this attack. 


25 



There are six lines of evidence from eight sources that suggest this was indeed the case. Many of these instances 

are corroborated with documents available on the internet, presented by those making the claims. 174 

1. There has been a body of investigative reporting that suggests that between 1991 and 1992, the ruble was 
under a massive attack, with an unknown source of funding. The capital flight from the Soviet Union in U.S. 
dollars was estimated by Fidel Castro at $500 billion, and by Gorbachev at one trillion dollars. Somebody 
had to put up the lion’s share of funding for those dollars. The most authoritative source on the subject, 
Claire Sterling, writes that unknown intelligence operations were behind the attack. 

“The fact that scarcely anyone outside Russia has heard of the Great Ruble Scam may be explained 
partly by its seemingly unbelievable details, but partly, too, by Western reluctance to touch exquisitely 
sensitive political nerves. Western governments rejoicing in the collapse of the evil empire wanted to 
assume, and to all appearances did assume, that all the evils in an emerging democracy emanated from 
politicians identified with the fallen communist state. Not one was prepared to acknowledge indelicate 
evidence to the contrary. The ability of three or four characters to mount such a planet wide operation, 
their extraordinary impact on what was still a world superpower, and their singular immunity from 
beginning to end suggest the guiding hand of not just one, but several intelligence agencies .” 175 

Documentation supporting the contention that there was ‘cash’ in this order of magnitude floating around 
Russia in 1991 and 1992 is also found in Stephen Handelman’s book Comrade Criminal. Handelman, who 
appears to have had access to KGB files brought back to the U.S. after the collapse of the Soviet Union, 
notes that prior to 1991, the Russian Communist Party had a reserve of 435 billion rubles of ‘freely 
convertible hard currency,” and that in the summer after the coup, there were unnamed individuals in Russia 
who could provide up to 300 billion rubles on a months notice. 176 In the former instance 435 billion rubles 
in July of 1991 converts into $240 billion. This fund was converted and moved out of the Soviet Union, and 
the ruble scam would have needed to provide hard dollars in that order of magnitude. A year later, 
Handelman’s second examples suggests criminal individuals had at their disposal $3 to $4.5 billion on short 
notice. 177 By comparison, at the same time, the U.S. Congress could not pass a $10 billion appropriation bill 
due to mandatory budget ceiling constraints. 

2. Andrei Kozlov, First Deputy Head of Russia’s Central Bank, was heading an investigation into the loss and 
reported the theft at 400 billion rubles from the Central Bank in 1991. (Not to be confused with a similar 
scam run out of Chechnya in 1992 on a much smaller order of magnitude.) These rubles were stolen by 
someone putting hard currency securities in remote Chechen banks as collateral for Russian loans and then 
making the collateral notes disappear from the remote banks at the same time the funds were being 
withdrawn. 178 While the black-market value of a ruble was about $1, the ‘official’ conversion rate at the time 
was 1.8 rubles/dollar. Using the official US dollar equivalent for 400 billion rubles, the theft converted to 
$222 billion. Kozlov was gunned down shortly after announcing he was close to understanding where the 
400 billion rubles went. The head of the Central Bank at that time - former KGB official Georgy Matyuhin 
- who authorized these credits, on behalf of Yeltsin an at the request of Yeltsin’s First Deputy, Khasbulatov 
was retired after he was reported to be a CIA asset. 179 

3. Mrs. V.K. Durham, wife of Russell Herman, who was a fund controller for the CIA’s covert fund, has 
contended in sworn testimony that George H.W. Bush, Oliver North and Alan Greenspan forced her 
husband into relinquishing the funding for the bonds on that date. They later forged Hermann’s signature on 
related financial transactions. 180 She also claims they were responsible for his death three years later because 
Hermann believed these funds were the property of the U.S. citizens rather than the private slush fund of the 
Bush circle, and protested the manner in which they were being used. Wanta has since maintained a similar 
stance, that the earnings from his covert operations should be public funds rather than a covert slush funds 
used by U.S. presidents. 181 

4. Several sources from the Office of Naval Investigation (ONI) have released over 100 pages of bank 
transactions detailing transactions in the range of 100s of billions of dollars. These are the same files 
released also by Derek Vreeland from a Canadian prison, from which he warned his guards about the 
forthcoming attack on the World Trade Center. Vreeland contended he was an ONI operative. 18 " The files 
cover three periods of transactions which correspond to this covert war on the Soviet Union; While the 
transactions do not directly show securities going to the Soviet Union, they do support the theory that the 
Bush Vulcans were spending massive amounts of cash in a manner inconsistent with US Federal budget 
spending caps in effect at the time, and moving massive funding into covert accounts at key trust funds - 
most notably Pilgrim Investments, to the account of “Jorge” Bush. (Jorge is Spanish for George.) 


26 



• the first series of transactions in August to October 1989 coincides with the Mexican and Latin 
American debt resettlement. During this period it has been contended that Bush was responsible for 
generating 300 hundred billion dollars in illegal earnings by making other countries debt collateral 
disappear for a few months, while whoever was holding this collateral profited from August 11 to 
October 6 on what is known as a period of a rare the “inverted yield curve.” 

• the second series of transactions from September 24 to October 10, 1990 period would most likely 
represent funding for the purchase of the Soviet gold treasury, and the movement of Communist Party 
funds out of the Soviet Union. Leo Wanta reports having started his efforts at this time. 

• the third series of transactions from May 27 -28th 1991 would most likely represent funding for his 
Ruble destabilization program 


5. Documents released from Leo Wanta’ s files for these bonds provide great detail about the Soviet deals: 

• These bonds were used to fund an undesignated “joint venture” with Russia 183 

Coincidentally, On 14 September 1991, Vladimir Shcherbakov, the last First Deputy Prime Minister of 
the Soviet Union, formed the International Foundation for Privatization and Private Investment [FPI] 
with two other partners. The second partner has never been revealed. The third partner was the now 
notorious Austrian firm, Nordex GmbH. The International Foundation for Privatization and Private 
Investment [FPI], would be one of the major organizations involved in the Bank of New York money- 
laundering scandal and a major crime front. Interpol would be reported as making Marc Rich one of the 
founders of Nordex. Marc Rich would be pardoned by President William Clinton, presumably for his 
services to the US in arranging for the collapse of the Soviet Union, although the reasons for his pardon 
have never been made public. 

• These bonds were backed by Swiss gold held in vault in the free trade zone in Kloten, Switzerland l84 . 

The Kloten repository resides at the Zurich airport, which the Marcos gold hoard as well as the stolen 
Soviet treasury gold was reported as being stored at. 

"... tons of the loot was liberated by Ferdinand Marcos before his ouster. Billions of dollars worth were 
shipped overseas by American intelligence agents and the Mafia. Much of the horde was cabbaged 
away in a high-security , subterranean storage cache buried beneath the Zurich airport ! 85 

• The bonds were made conditional to loan acceptance by government officials in the USSR 186 

• These bonds provided, in part, of payments of currency from Lehman of at least $100 million per day 
for an indefinite period of time 187 

• These bonds provided, cash funneled to Russia through the Deutschebank 188 

6. Depositions on Project Hammer seems inextricably linked to the same banks and funds as the information 

being documented by Vreeland, ONI and Wanta: 

• General Earl Cock’s deathbed deposition in April 2000 describes Citibank’s and John Reed’s central 
involvement in Project Hammer in the last quarter of 1991 as being funded with $223 billion dollars, of 
mostly CIA moneys. Cocke also references the use of baby bonds to collaterize these funds, which are 
10 year bonds. Cocke describes the source of these funds as “accounts, participants or players” with the 
accounts converting to bank ownership upon the death of the controlling party, and then to the 
government. This matches exactly what Sterling and Peggy Seagrave claim happens to the gold 
accounts opened by agents of the US; 189 

• Roelfo Van Rooyen’s deposition in 1995 describes Project Hammer as a 1991 CIA operation. 190 

Information and documents released from 9 independent sources all merge into the same story 

1 . Leo Wanta - imprisoned on trumped up tax charges to keep him quiet. 


27 



2. U.S. Office of Naval Intelligence - destroyed on September 1 1 to keep them quiet. 

3. Derek Vreeland- imprisoned to keep him quiet, now in hiding. 

4. Major Colonel Erie Cocke - deathbed confession of co-conspirator. 

5. Andrei Kozlov- Russian Central Bank director, gunned down to keep him quiet. 

6. Claire Sterling - international correspondent co-opted and hired by CIA to keep her quiet. Deceased. 

7 . V .K . Durham - ignored , but not silenced . 

8. Sterling and Peggy Seagrave - authors and historians, received multiple death threats to prevent publication, 
of their book on the Marcos Gold- now in hiding; 

9. David Guyatt, independent reporter and published author. 

The September 11th Cover-up of the Black Eagle Trust and Project Hammer 

With the bonds out in the market, they sat for ten years, like a ticking time bomb. At some point, they had to be 
settled -or cashed in, on September 11, 2001. The two firms in the U.S. most likely to be handling them would 
be Cantor Fitzgerald and Eurobrokers - the two largest government securities firms in the U.S. The federal 
agency mostly involved in investigating those transactions was the Office of Naval Intelligence 

On that day, those same three organizations: the two largest government securities brokers and the Office of 
Naval Intelligence in the US took near direct hits. Actually, the jetliners hit immediately below the targeted 
offices, assuring that the flames would engulf the floors above. This targeting strategy was also used on the 23rd 
floor of the North tower, which was an FBI evidence repository holding information on allegedly illegal gold 
transactions. 

The attacks had a related agenda. It seems that the covert Cold War operation started in 1989 had resulted in a 
series of foreign and U.S. allegations of financial impropriety, and as a result there were at least nine federal 
investigations being conducted into bank accounts related to these operations. All of these investigations were 
initiated, in 1997-98 timeframe, which was the same year that Osama Bin Laden - after twenty years of recruiting 
Mujahadeen for the U.S. covert wars - announced a fatwa against the US. (A key understanding here is that 
federal investigations are preceded by a period of ‘quiet’ investigation before an official investigation is publicly 
announced.) 

1) The Marcos Gold Hearing began in Los Angeles, in August 1997. The banks and accounts involved in that 
hearing, were the Swiss banks: UBS, and Bank Julius Baer. 

2) The Eizenstatz Report and a public campaign waged by the Simon Wiesenthal Center launched suits against 
three Swiss banks. 

3) The Reginald Howe suit- in which the U.S. bullion banks were accused of dumping U.S. Treasury gold on 
the market illegally. The Reginald Howe & GAT A Lawsuit was filed on Jan 8, 2000 naming Deutschebank 
(a.k.a. Deutschebank Alex Brown), U.S. Treasury, Alan Greenspan, Federal Reserve, Citibank, Chase, as 
defendants. Also mentioned as having non-public knowledge of the scheme are Gerald Corrigan and Barrick 
Gold. (The 2000 filing suggests investigations began long before.) 

4) The Bank of New York money laundering scandal: the Department of Justice was under pressure to 
investigate accounts of multiple individuals who benefited from these transactions: Loutchansky, Marc Rich 
and Berezovsky (Berezovskii.) The FBI investigation started in the Fall of 1998, The investor lawsuit was 
opened in September 1999. These investigations involved accounts at Credit Suisse, Union Bank of 
Switzerland (UBS), Dresdner Bank, Westdeutsche Landesbank and Banque Internacionale of Luxembourg 
All of these individual would at some point be mentioned as playing a role in the money laundering scandal 
at the Bank of New York, that would ultimately be reopened in 2002, after being buried for three years by 
federal prosecutor Mary Jo White, a first cousin to former President George Bush. 

5) The Avisma law suit was filed Aug 19, 1999 naming as defendants Bank Menatep, Harvard Institute for 
International Development, and the Bank of New York; 

6) The federal investigation of Konanykhine’s European Union Bank: The Konanykhine investigation was 
begun by the INS in February 1999. Other banks included in that investigation would have been the 
European Union Bank and Bank Menatep. 

7) Richard Giffen/Mobil Oil scandal- The FBI Probe began in 1999, and would have involved accounts at 
Credit Suisse, Bank of New York, Cayman Islands, and the Deutsche Bank (a.k.a. Deutschebank Alex 
Brown)., 


28 



8) Yeltsin’s UBS accounts were being investigated for bribery. 

9) Kevin Ingram would testify that he had advised Bob Graham in advance that the World Trade Center was to 
be attacked. This Deutsche Bank executive was convicted of laundering money for weapons purchases for 
Muslim terrorists through Pakistani agents; The Ingram investigation was begun by the FBI as early as July 
1999, and involved the Deutschebank (a.k.a. Deutschebank Alex Brown). 

The records for some of these investigations resided in Building Six, Building Seven and on the 23rd Floor FBI 
office in the North Tower. The account structure set up by the U.S. intelligence operations was besieged by 
investigations from nine different directions, any one of which may have exposed the source of that funding, and 
traced it to its Black Eagle Fund origins. Those investigations needed to be diverted. 

What happened inside the buildings of the World Trade on September 11 is difficult, but not impossible to 
discern. The government has put a seal on the testimony gathered by the investigating 911 Commission, and 
instructed government employees to not speak on the matter or suffer severe penalties, but there are a number of 
personal testimonies posted on the internet as to what happened in those buildings that day. Careful 
reconstruction from those testimonies indicates the deliberate destruction of evidence not only by a targeted 
assault on the buildings, but also by targeted fires and explosions. In the event that either the hijacking failed, or 
the buildings were not brought down, the evidence would be destroyed by fires. In addition to the investigative 
evidence being destroyed, the Federal Register reported that the physical securities held by the brokers in their 
vaults had been destroyed. 

What would be even more revealing would be the actions of the Federal Reserve Bank and the Securities and 
Exchange Commission on that day, and in the immediate aftermath. As one of many coincidences on September 
11, the Federal Reserve Bank was operating its information system from its remote back-up site rather than it’s 
downtown headquarters. The SEC and Federal Reserve system remained unfazed by the attack on September 11. 
All of their systems continued to operate. The two major security trading firms had their trade data backed up on 
remote systems. Nevertheless, the Commission for the first time invoked its emergency powers under Securities 
Exchange Act Section 12(k) and issued several orders to ease certain regulatory restrictions temporarily. 

The Federal Reserve Suspends the Rules 

On the first day of the crisis, the SEC lifted “Rule 15c3-3 - Customer Protection— Reserves and Custody of 
Securities,’’ which set trading rules for the following processes: 

The [seller] is not permitted to substitute other securities for those subject to this agreement an 
therefore must keep the [buyer's] securities segregated at all times, unless in this agreement the [buyer] 
grants the [seller] the right to substitute other securities 
Notification in the event of failure to make a required deposit. 

Physical possession or control of securities. 

Required Disclosure 

Control of Securities/Requirement to reduce securities to possession or control. 

Simply, GSCC was allowed to substitute securities for the physical securities destroyed during the attack. 

“.. .collateral substitutions can and should be made with regard to immediately maturing collateral .” 191 

Subsequent to that ruling, the GSCC issued another memo expanding blind broker settlements. A “blind broker’’ 
is a mechanism for inter-dealer transactions that maintains the anonymity of both parties to the trade. The broker 
serves as the agent to the principals' transactions. 

“The only repo transactions entered into by blind brokers should be those done in direct furtherance of 
clean-up and reconciliation efforts. No new blind brokered business should be executed.” I9 ~ 

At this point in time, the Federal Reserve and its GSCC had created a settlement environment totally void of 
controls and reporting - where it could substitute valid, new government securities for the mature, illegal 
securities, and not have to record where the bad securities came from, or where the new securities went - all 
because the paper for the primary brokers for US securities had been eliminated. 


29 



This act alone, however was inadequate to resolve the problem, because the Federal Reserve did not have enough 
“takers” of the new 10 year notes. Rather than simply having to match buy and sell orders, which was the 
essence of resolving the “fail” problem, it appears the Fed was doing more than just matching and balancing - it 
was pushing new notes on the market with a special auction. It appears some of the beneficiaries wanted to cash 
out! 


“Acute settlement problems with the on-the-run ten-year note led the U.S. Treasury to reopen the issue 
on October 4 and hold an unusual “snap” auction of new ten-year securities.’’ 193 

If the Federal Reserve had to cover-up the clearance of $240 Billion in covert securities, they could not let the 
volume of capital shrink by that much in the time of a monetary crisis. They would have had to push excess 
liquidity into the market, and then phase it out for a soft landing, which is exactly what appears to have 
happened. In about two months, the money supply was back to where it was prior to 9/11. How the Federal 
Reserve managed this feat is explained in the following section. 

The Federal Reserve and the Three Card Monte 


On of the most common scams on the streets of urban America is a set up of three card Monte. The intricacies of the 
scam are legion, but essentially, the dealer’s sleight of hand which fools the mark is covered by a rapid rotation of 
the three cards. It was the rapid rotation of the securities settlement fails in the aftermath of September 11 th that 
appears to have allowed the Bank of New York and the Federal Reserve to engage in a securities refinancing that 
resulted in the American taxpayer refinancing the $240 billion originally used for the Great Ruble Scam. 

A review of the explanations for the actions of the Federal Reserve after September 11th exposes an amazingly 
complex web of analysis and speculation. The reports published by the Federal Reserve argue that the Federal 
Reserve’s actions increasing the monetary supply by over $300 billion were justified to overcome operational 
difficulties in the financial sector. While impressive as the reports are, what is noted by the casual reader is that all 
of the Federal Reserve analysis is speculative and suggestive, using phraseology such as “may have,” “likely,” 
“presumably,” or “should have.” There are few - if any - definitive statements about root cause and the 
appropriateness of the Federal Reserve response. 

The general perspective of the industry is captured in such comments as: 

“The destructive force of the attacks themselves caused severe disruptions to the U.S. banking system, 
particularly in banks’ abilities to send payments. The physical disruptions caused by the attacks included 
outages of telephone switching equipment in Lower Manhattan’s financial district, impaired records 
processing and communications systems at individual banks, the evacuation of buildings that were the sites 
for the payments operations of large banks, and the suspended delivery of checks by air couriers.’’ 194 


“Following September 1 1 , open market operations were aimed at satisfying the financing needs of the 
severely disrupted government securities dealer community , leaving to the discount window the task of 
elastically providing balances to satisfy demand at the target rate. The huge additions of funds following 
September 11 were therefore a by-product of operating procedures designed to target the overnight funds 
rate. [3]” 195 


“ Fails rose initially because of the destruction of trade records and communication facilities. They 
remained high because the method typically used to avert or remedy a fail— borrowing a security through a 
special collateral repurchase agreement— proved as costly as failing to deliver the security.” 196 

Reading statements like this are suggestive that there were massive, wide spread disruptions in the system. These 
were the conditions that “led policymakers to depart so significantly from previous debt management practices.” 197 

While the facts presented by the Federal Reserve analyst’s reports are true, as presented they tend to distort what 
really happened in the aftermath of the attack. In truth, while the analysts reported disruptions at over 800 banks, a 
deeper look at the reports indicated that only “a few’ were seriously disrupted. The order of magnitude of disruption 


30 



at any bank was never quantified, with the exception of one. Even that statement however, detracts from the data 
which suggest that the disruptions were essentially concentrated in one bank - the Bank of New York. (The same 
Bank of New York was being investigated for money laundering charges in relation to the economic pillaging of 
Russia by criminal oligarchs who were financed with the covert securities purportedly being laundered in the 
aftermath of September 11 th .) This is because while the Fed was reporting outstanding account balances over $100 
billion per day (while not identifying the banks involved), the Wall Street Journal reported: 

“At one point during the week after September 11, BoNY publicly reported to be overdue on $100 billion in 

, „198 

payments. 

The Deutschebank, which sat inside the World Trade Center and was totally decimated, reported no such account 
balance increase, and JP Morgan, the other of only two clearing banks which uses the same traders and 
communications hub, reported no such increase in its account balance. No one has publicly asked: why is it that 
these other two banks were not seriously disrupted, while the Bank of New York - which had no structural damage, 
seemed unable to operate? Understanding what was happening at the BoNY becomes critical to understanding the 
securities settlement issues: 


“GSCC and several dealers could not verify what came into and what left their custodial accounts at 
BoNY, they could not advise BoNY of securities they expected to receive, and they could not give BoNY 
instructions for delivering securities. Additionally, GSCC was unable to verify the movement of funds into 
and out of its account at BoNY ( GSCC Important Notice GSCC068.01 ). ” 199 


In a world of coincidences. The Bank of New York (which had over 8,000 employees in its downtown location), lost 
three employees that day. One of those three employees was a man who was in the best position to explain how the 
attacks would have impacted BoNY. His name was Michael Diaz-Piedra III, a former West Point graduate and son 
of a Cuban exile. Michael was the Vice-President of Disaster Recovery Planning for the Bank of New York. In the 
aftermath of September 11, he was reported as being an employee of Bank of America, or holding another position 
at the BoNY. 


CJ\N .com 

IN-DEPTH SPECIAL BEBIBS^^^EI mnu-».u.ii.i.i»il 


September 11 A Memorial 


t PREVIOUS 



Name 

Michael Diaz-Piedra III 

Age: 

49 

Residence: 

UNKNOWN 

Occupation 

vice president in charge of 
money planning. Bank of New 
York 

Location 

World Trade Center 

Related 

Leaacv.com tribute 

Updated: 

June 19, 2002 


NEXT* 


Tributes and Information 


31 




Michael A. Diaz-Piedra. Ill 

Age: 49 

Location on 9/11: WTC 

Occupation: Bank of America, Vice President 

Visit Michael’s 9 1 1 Living Memonal Page 


Finally, with respect to the Bank of New York operations and the level of disruption experienced on September 1 1 th , 
an important element needs to be highlighted. Disruptions to the financial system were attributed to the loss of the 
communications hub in downtown Manhattan. The telephone network operations center (NOC) or hub was 
decimated when the WTC collapsed onto it. However, the BoNY Funding Transfer operations, which reportedly 
could not communicate with the Fed, were located in Utica, New York, and had none of its communication abilities 
impaired. Moreover, the four BoNY back-up datacenters were all located within 46 miles of Manhattan, and could 
and did deliver data on tape regularly to the Fed via courier. 

In a reported setting of half truths and speculation by Federal Reserve analysts made to appear as facts, review of the 
reports of the financial aftermath of September 1 1 th suggest: 

• The disruptions to the U.S. financial system were not as widespread as the reports from the Federal Reserve 
would have the public believe, but that the public had to be made to perceive a widespread need for 
declaring a national financial emergency, suspending key provisions of the Federal Reserve Act and 
driving the ‘ten-year special rate’ to almost zero. 

■ Certain key unknown figures in the Federal Reserve may have ‘conspired’ with key unknown figures at the 
Bank of New York to create a situation where $240 billion in off balance sheet securities created in 1991 as 
part of an official covert operation to overthrow the Soviet Union, could be cleared without publicly 
acknowledging their existence. 

• These securities, originally managed by Cantor Fitzgerald, were cleared and settled in the aftermath of 
September 11 th through the BoNY. The $100 billion account balance bubble reported by the Wall Street 
Journal as being experienced in the BoNY was tip of a three day operation, when these securities were 
moved from off-balance-sheet to the balance sheet. (The off-balance-sheet process is described by banking 
advisor to the US Presidents Earl Cocke, who admitted under sworn testimony to managing Project 
Hammer funds - the suspected source of these illegal securities.) 

• By reducing the ‘ten-year special rate’ to almost zero, the Fed structurally increased the number of 
refinancing (Repo) settlement fails. Under the umbrella of this artificially created statistical bump of fails, 
the high level of fails due to the laundering of the $240 billion was able to be processed unnoticed. 

• The cover for this bubble is found in the footnotes to the BoNY annual and quarterly reports, which report 
that the BoNY took over $330 billion of commercial securities business from U.S. Trust between June and 
October of 2001, although the assets under control of U.S. Trust in 2000 were reported by two sources as 
$80 or $86 billion. 200 

Federal Reserve Management of the Aftermath of September 11 

There were two key disruptions reported in the financial markets: 

1) Excessive account balances in a few banks reportedly contributing to an increase in the account balance in a 
wide array of banks which required a massive infusion of credit to stabilize the Federal Reserve system. These 
accumulations started appearing on September 12 th and ran through the 18 th '. They resulted in the addition of 
$300 billion to the US monetary supply, which initiated the on-set of the sub-prime market. 

2) A reported excessive number of fails in securities settling requiring the lifting of controls on settlements. There 
were two reasons reported for these fails: 

• Missing trade data due to loss of communications and data; 


32 


• Refinancing (Repo) settlements had lost any financial incentive to avoid fails because the special rate for 
10 year notes was dropped to almost zero. 

The first wave of fails is attributed to the BoNY situation. 

“In the absence of complete information on deliveries into and out of its account at BoNY on September 11, 
and as a result of its assumption of settlement fails on the starting legs of blind-brokered RPs, GSCC 
recorded ( after the close of business on September 11) $266 billion in transactions that apparently failed to 
settle.... Continuing connectivity problems prevented GSCC from giving BoNY delivery instructions after 
the close of business on September 11 and prevented it from acquiring information on activity in its 
account at BoNY during the day on September 12. Consequently , GSCC recorded $440 billion in settlement 
fails as of the close of business on September 12.”~ 01 


Excessive Balances Increasing the Supply of Money 

On over-riding consideration in the Fed’s management of the aftermath of September 11 th was the concentration in 
account balances at the Federal Reserve. 

“It is clear that the concentration in account balances at the Federal Reserve— rising more than fourteen- 
fold from its normal levels on the days following the terrorist attacks— was a most unusual event.... If a 
large proportion of the balances in the banking system concentrate in one bank’s account, then other banks 
will face, all else being equal, higher costs of making payments, or alternatively may face liquidity 
constraints on their borrowing, which could preclude their submission of further payments. ”~ 02 

It may seem a small detail, but note the qualifying statement: “all else being equal.’’ An alternative explanation 
could be to move off-balance sheet liabilities to the balance sheet and claim the offsetting claims are in the rubble of 
the World Trade Center. 

Fedwire Funds Transfer Value and Volume, 
and Aggregate Opening Balances with the 
Federal Reserve: September 10-21 , 2001 


Date 

Volume 

Value 
(Billions of 
Dollars) 

Balance 
(Billions of 
Dollars) 

September 10 

436,312 

1,591 

13 

September 1 1 

249,472 

1,216 

13 

September 12 

332,433 

1,696 

44 

September 1 3 

376,937 

1,952 

104 

September 14 

423,256 

2,009 

121 

September 17 

462,522 

2,312 

111 

September 18 

419,126 

1,978 

46 

September 19 

401,420 

1,836 

19 

September 20 

433,771 

1,921 

15 

September 21 

442,293 

1,832 

13 


Source: Federal Reserve Bank of New York. 

Chart taken from [Liquidity Effects of the Events of September 1 1 , 2001 , James J. McAndrews and Simon M. Potter, 
Federal Reserve Bank of New York Economic Policy Review, November 2002, p.64.] 

A key consideration is the pre-9/1 1 daily average for this balance: “For commercial banks, these balances consist of 
either required reserve balances, excess reserve balances, or service-related balances. 3 These balances and service- 


33 


related balances for August 2001 averaged $14.65 billion per day .4 203 This makes the actual surges due to the 
attack show a net impact of $352 billion on the account balance over the remainder of the week . 


Federal Reserve Balance adjusted 
for normal daily average to reflect 
true impact of attack. 

Reported 

Balance 

(Billions) 

Adjusted Balance 
Due to Attack 
(Billions of Dollars) 

September 12 

44 

29 

September 13 

104 

89 

September 14 

121 

106 

September 15 

111 

96 

September 16 

46 

31 


What appears to be the case is that the Federal Reserve imbalances reported on three consecutive days in the 
aftermath were largely concentrated at the Bank of New York, which is reported to represent over 90% of the 
imbalance, suggesting the Bank had been the recipient of massive fund transfers, and unable to send out transfers. 

“At one point during the week after September 11, BoNY publicly reported to be overdue on $100 billion in 

.204 

payments. 

This supposedly was due to major communication and system failures . 

“The crucial government bond processing, for example, had a system in which a second computer was 
receiving and processing all the data going into the main computer, making it ready to pick up at a 
moment's notice.... As it turned out, though, even the expensive backup system was unable to get the 
government bond business up and running smoothly. That is largely because of problems maintaining the 
communications links that receive information on trades from its customers and report their positions back 
to them. "In many cases our backup sites were dealing with our customers' backup sites,” Mr. Renyi said. 
And though the bank had established communications lines in advance connecting these various backup 
centers, they often were of low capacity and typically had not been fully tested and debugged. Even a 
week after the attack, the Bank of New York was having trouble with some crucial communications links, 
like its connection to the Government Securities Clearing Corporation, a central part of the government 
bond market. On several days that week, the bank had to drive computer tapes with its trades to G.S.C.C. 

rr ■ „205 

offices. 

“On September 11, we were able to continue processing, as our funds transfer business unit is in Utica, 
New York, until the telecommunications lines went down later in the day in lower Manhattan. After that, 
excess liquidity quickly built up because we were unable to process all securities and cash transactions in a 
normal manner. The increase in the balance sheet went away very quickly, however, as we returned to 
normal processing by Friday and handled the backlog over the weekend.” 206 

In fact, none of the BoNY’s systems failed or went non-operational. 

“Bank executives argue that some of the criticism has taken on some aspects of urban legend, especially 
the notion that the bank was in disarray because the main backup for its computer center in Lower 
Manhattan was at another location in Lower Manhattan. The bank says that all of its several computer 
centers in Manhattan were always set to revert to centers outside the city in case of emergency, and they 
did on Sept. 11 .” ~ 07 

Even more to the point, the Bank’s Fund Transfer operations are located in Utica New York, and its communication 
systems remained untouched. 

Where the inconsistent reporting gets interesting is that Todd Gibbons of the BoNY reported an “increase” in the 
volume of securities on September 1 1 . 


34 




“The contingency site muse be able not only to accommodate normal business loads, it must be able to 
accommodate extreme business surges, such as we saw in the first day in the equities market. Our 
contingency plans had included the ability to handle a great amount of excess capacity; and we were able 
to handle the increase in volumes....” 208 

However, the overall volumes for the day were 25% less than normal and one third of the volume or $400 billion 
came in after normal business hours in very few transactions. As seen in the chart below, overall transactions for the 
day were seemingly down even more significantly than volume, but the transactions that came in after closing were 
extremely large, averaging in size in packages of $35million or more. This would be consistent with a hypothesis 
that $240 billion of securities were being pushed surreptitiously into the money supply. Additionally, the conflicting 
information from the BoNY and Fed suggest the activity in the bank was different that that being reported to the 
public . 

“August 2001 , the value of Fedwire funds transfers averaged more than $1 .6 trillion per day, while banks 
held about $15 billion on account.il ....The value of funds sent on September 11 was $1 .2 trillion, about 
three-fourths of the average for the benchmark period. However, unlike volume, the value of funds sent had 
returned to normal levels on the twelfth and was then at elevated levels for the next seven business days.” 

209 


Value and Volume of Funds Sent per Minute 
Ten-Minute Moving Average 



Number of payments 



Source Federal Reserve Bank of New York. 

Note; The shaded bands indicate +/- two standard deviations of the benchmark averages. 

[Liquidity Effects of the Events of September 1 1 , 2001 , James J. McAndrews and Simon M. Potter, Federal 

Reserve Bank of New York Economic Policy Review, November 2002, p65. ] 

The Federal Reserve, without providing the detail required to substantiate it’s claims, would have the public believe 
that there were widespread liquidity issues, when in fact the issues were very concentrated primarily, if not 
singularly, in the BoNY, which has been the subject of an ongoing major money-laundering investigation for many 
years. These account balance issues resulted in the defacto expansion of the monetary supply, details of which are 
no longer reported by the Federal Reserve. The reported cause of this market malfunction is seemingly suspect. By 
comparison, the Deutschebank which sat inside the World Trade Center reported no such account balance increase, 
and JP Morgan, the other of two clearing banks which uses the same traders and communications hub reported no 
such increase in account balance. Additionally, while problems were being documented between the BoNY and 
GCSS, no other institution had those problems. 


35 


“...it is worth noting that settlements occurred at the major large-value private sector settlement systems 
( the Depository Trust & Clearing Corporation and the Clearing House Inter-bank Payments System 
[CHIPS]) on the eleventh and subsequent days.”~ w 

There is every reason to believe activities in the BoNY in the aftermath of September 1 1 th are worthy of suspicion. 

The Fails 


In the aftermath of September 1 1 th , the analysts at the Fed attributed the security settlement failures to two causes: 

• the initial inability to match up trades with correspondent data, and 

• the use of ‘strategic’ fails by brokers in the aftermath, when the special rate on securities was so low that 
there was no incentive to avoid the refinancing fail. This reduction in the special rate was attributed to 
operations to increase liquidity in response to excess balance issue discussed in the section above. 

One key Federal Reserve researcher summarized it accordingly: 

“Fails rose initially because of the destruction of trade records and communication facilities. They 
remained high because the method typically used to avert or remedy a fail— borrowing a security through a 
special collateral repurchase agreement— proved as costly as failing to deliver the security. The U.S. 
Treasury responded to the fails problem by reopening the on-the-run ten-year note. The increased supply 
made borrowing the note more attractive than failing.” 211 

The standard remedy for a fail— borrowing a security through a special collateral repurchase agreement— fell apart 
when the Fed dropped the special rate to nearly zero. As a result, a second, ongoing ‘wave’ of ‘fails’ was created by 
removing the incentive for regular traders to avoid fails. It is this structurally created second wave that masked the 
underlying wave of fails due to the loss of the covert funding notes. 

“The Desk “had to accept the vast majority of propositions - even those offered at rates well below the new 
3 percent target level - in order to arrange RPs of sufficient size.” ( Markets Group of the Federal Reserve 
Bank of New York 2002, p. 24) On Wednesday, the Desk accepted all propositions submitted, the lowest of 
which was 3 A percent: see Table 2. The effective federal funds rate sank to l’A percent on Tuesday and 
below that on Wednesday 

“The incentive of a seller to borrow securities to avoid or cure a fail declines with the specials rate for the 
security. When the specials rate is near zero, a seller has little to gain lending money (at nearly no interest) 
to borrow the needed securities. 13 This suggests that market participants may have little incentive to break 
daisy chains and round robins when the specials rate for a security is near zero. This aspect of the market 
is important to understanding the fails problem after September 11 .... the specials rate for a security will 
be driven to its lower limit more frequently when the fed funds rate, and hence the general collateral rate, 
is lower. This follows because the gross compensation earned by a lender of securities at any given 
specials rate is the difference between the general collateral rate and the specials rate.” 213 

As shown in the following chart, the specials rate dropped by 200 -300 basis points, creating a disincentive to 
resolve short term, repo fails and creating a statistical flurry of fails. 


36 



RP Rates for the Ten-Year Treasury Note 
and General Collateral 


Percent 



2001 


Sources: Bloomberg; GovPX. 

Notes: The chart plots overnight repurchase agreement (RP) rates for 
the on-the-run ten-year U.S. Treasury note and general collateral 
from January 2 to December 31, 2001. “N” indicates the issuance 
of a new note and “R” indicates the reopening of an existing note. 

[When the Back Office Moved to the Front Burner: Settlement Fails in the Treasury Market after 9/1 1 , Michael J. 
Fleming and Kenneth D. Garbade, FRBNY Economic Policy Review / November 2002, p 41.] 


The response of the Fed in bringing a new issue to the market at this time seems to have inadvertently (an 
assumption which should be challenged) been the source of continued lower “special rates” on the ten year note, and 
exacerbated the fail problem through the end of the year. In the extended condition of a high level of settlement 
fails, it would require little effort to ‘statistically hide’ the settlement of the remaining $240 billion that may not 
have been cleared in the immediate aftermath. The three week lull of fails in October could easily represent the 30 
day short term refinancing of the debt. As the debt came back to the market for permanent refinancing, a shortage of 
investors would result in more fails. 


37 


Settlement Fails in U.S. Treasury Securities 


200 
180 
160 
140 
120 
100 
80 
60 
40 

20 
0 

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 

2001 

Source: Federal Reserve Bank of New York. 

Note: The chart plots daily average settlement fails to deliver of 
U.S. Treasury securities as reported by the primary dealers for die 
weeks ending January 3 through December 26, 2001. 


Billions of U.S. dollars 
















1 

1 ll 

1 ll 

# ill 1 11 


llllllllll 


[When the Back Office Moved to the Front Burner: Settlement Fails in the Treasury Market after 9/11, 
Michael J. Fleming and Kenneth D. Garbade, FRBNY Economic Policy Review / November 2002, p 
43.] 


The critical perspective here is that in making the original paper on $240 Billion in covert notes disappear in the 
rubble of the World Trade Center, it would be implausible to refinance them in a few days without the financial 
world taking note. Notes could conceivably be refinanced for 30 days in the repo market, and the final refinancing 
extended for weeks, possibly months. 


There is a contention that at the core of the September 1 1 th attack, someone was planning to cover the 1991 issuance 
of $240 billion in covert securities used to finance the collapse the Soviet Union. The facts surrounding the 
financial aftermath of September 11 suggest this is not only possible, but that reports describing the aftermath have 
deliberately been misleading. 

• The US dollar money supply was significantly increased in the aftermath of 9/11; 

• The bank at the core of the illegal money laundering by ex-Soviet criminals was the source of the increased 
money supply (BoNY); 

• The generally disseminated rationale for BoNY’s operational problems seems to have affected no other 
bank in a similar manner or magnitude and is inconsistent with reports on the BoNY operations in the 
aftermath; 

• A key witness who might provide insight to these issues is a statistically aberrant death; 

• The source of the BoNY’s $330 billion increase in assets is cloaked under the privilege of “private 
banking;’’ 

• The only alleged “severe” disruption to the financial systems was the Federal Reserves account balance 
and the securities trading fails - both systems required to hide the laundering of $240 billion in covert 
securities. 


38 



This is not a ‘proof’ that $240 billion was laundered, but it provides probable cause for paying serious attention 
to Durham’s claim that it was indeed what happened. When one looks deep enough into the murky cloud of 
black ops and secret financing - the world of Durham’s husband - her claims regarding 1991 and 2001 begin to 
gather credibility. 


Mohammed Atta’s Affiliations with Western Intelligence 

Finally, if one looks at the affiliations of the attack leader and financiers, one will see multiple linkages to US 

covert operations and U.S. intelligence allies. 

• Mohammed Atta, reportedly responsible for coordinating the attacks, trained his men and himself at the 
Huffman Aviation -Flight Training school. That school was funded by Wally Hilliard, with Oryx 
Corporation." 14 Oryx was founded by Adnan Khashoggi and Sheik Kamal Adham, director of Saudi 
intelligence (1963-79). Khashoggi was the individual that brokered the meeting between terrorists and the 
Yeltsin Family. 215 Khashoggi was also extensively involved in the following Bush operations: October 
Surprise, Iran-Contra, Azerbaijan, Barrick Gold, Marcos Gold. 

• Mohammed Atta during his time in the U.S. remained a close friend of Wolfgang Bohringer, an apparent 
CIA agent. 216 

• Hilliard, nominal owner of the training facility which acted as cover for the terrorists, is a significant 
investor in a small California defense/electronics company (Spatialight, Inc.) with Farhad Azima, another of 
the Iran-Contra/ Azerbaijan group. Azima’s role had been to coordinate air transportation for covert US 
intelligence operations for Iran-Contra and Azerbaijan. 

• Hilliard is reported as a close friend of CIA agent Mark Schubin, whose father was a KGB colonel. 217 

• Hilliard is also strongly linked to the leb Bush political machine in Florida, and has had his commercial 
transport operations endorsed by that group." 18 

• Mohammad Atta, as can best be determined, received funding from three foreign intelligence agencies 
aligned with the US: Pakistan, Syria and Germany. His father contended he actually worked for a fourth - 
the Mossad! 

Director of the ISI (Pakistani) Intelligence (director-general Lt-Gen Mahmud Ahmad. The week of 
September 11, General Ahmad was meeting with Bob Graham, Porter Goss and Richard Armitage. 219 
Gen Mahmud Ahmad was responsible for having $100,000 transferred to Mohammed Atta. 220 
While in Germany, Atta worked as an employee of Tatex Trading which was owned primarily by 
Mohamad Majed Said, a former head of Syria's General Intelligence Directorate^ 21 
In coming to Germany, Atta was funded with a scholarship and employed as a tutor by an organization 
known as Carl Duisberg Gesellschaft." 22 Subsequent Internet reports linked the Carl Duisberg Society to 
administration by the U.S. Information Agency, but this had not been verified by any government 
documentation. There are Internet reports that the scholarship was jointly funded by US AID. The more 
interesting aspect of Carl Duisberg Gesellschaft is that it’s Managing Director is Bernd Schleich, the 
same individual who is Managing Director of InWEnt (Internationale Weiterbildung und Entwicklung. 
If one investigates the activities and research of InWEnt, it appears to be a commercial intelligence 
operation that does studies on such matters as money-laundering, weapons trades, drug smuggling, and 
anthrax control in such places as South America, Central Asia and Africa. 223 Carl Duisberg 
Gesellschaft has a fellowship funded by Alpha Group, the Russian Bank represented in the U.S. by 
former George H.W. Bush administrators Ed Rogers and Lanny Griffith. 2 " 4 

Mohammed Atta’s father claimed his son was working for the Mossad. 225 Supporting this view, Atta 
was reported as having left phone records of call to a company named “Virtual Prototypes.’’ 226 Virtual 
Prototypes Inc. would later change its name to eNGENUITY Technologies. It seems as though the type 
of work done at eNGENUITY was of more interest to the Israeli government, than it might be of use to 
a group such as A1 Qaeda, as the Israelis made significant purchases from eNGENUITY three years 
later. 227 

• Mohammed Atta would be discovered to be a legal business partner to Hassan Erroudani, who through the 
Moroccan American Chamber of Commerce would be associated with the Allied Media Group, a major 
recruiter for US Defense organization and private security firms." 28 Their customers would include: 


39 



- USAF 
US Army 

- FBI 

US Treasury 
Department of Justice 
Department of State 

- CACI 

Young & Rubicam 
Burson Marsteller 

Atta and his sponsor’s were not jihadists. As a “terrorist pilot’’ he spent his last year in the U.S. in the 
companionship of two CIA pilots (Schubin and Bhoringer). He trained his team at a facility financed by a 
known financier for CIA operations (Khashoggi). He was a business partner with a CIA recruiter (Erroudani). He 
was funded by up to four pro-CIA intelligence agencies . 229 

Conclusion 

History has many interpretations, and this report has been just one of many - an interpretation pieced together 
from the bold admissions and revelations of insiders, whose stories have been ignored and suppressed by the 
major media organizations. It is an interpretation of history that suggests a few determined men strove to change 
the world in defense of western capitalism in ways which they felt needed to be hidden from the public. 
Whatever emotion or logic that was adequate to cause them to hide their actions from the public was not strong 
enough to prevent them from committing the acts. In changing the world, crimes were committed for the good 
of the American public, without the American public having a say in what it thought was in its best interest. To 
cover-up these crimes, thousands of innocent people had to be murdered. Hundreds of thousands of people across 
the globe have been subjected to the terrors of wars funded by this operation. The ‘few good men’ responsible 
for these events make sure no one knows who is responsible, because in their hearts, they know that what they do 
is not acceptable to the American public. The alleged statements by Bush and Reagan are testimony to that point: 

Sarah McClendon: "What will the people do if they ever find out the truth about Iraq-gate and Iran contra? 
George H.W. Bush: "Sarah, if the American people ever find out what we have done, they will chase us 
down the streets and lynch us."~ 30 

“If such a story gets out, we’ll all be hanging by our thumbs in front of the WhiteHouse . . 31 

It might be fair to rationalize their crimes as collateral damage in a war to preserve the American standard of 
living, and that because they risk their lives to serve the American public, they are ‘entitled’ to reap the spoils of 
war. If thousands had to die to enrich the life and secure liberty for millions, is that not an acceptable sacrifice? 

It might also be fair to suggest that these agents are nothing more than a criminal association of sociopaths and 
psychopaths, out to enrich themselves by means of violence, and who have murdered thousands, destroyed the 
livelihoods of tens of thousands, and caused endless misery, pain and death for millions in foreign lands. As a 
brotherhood always at war, they live under a motto of ‘results at any cost’ and they spin a web of deceit which 
allows the American public to tolerate their crimes. 

It might be fair to view the politicians who use them as ‘realists,’ who accept the existence of both kinds of men, 
and use them to preserve and protect the American public, and like generals in war, be forced to make the ‘hard 
decisions’ on behalf of the citizenry. 

It might also be fair to view the politicians as ‘opportunists’ who use the agents for their own personal gain. Most 
of these politicians made their fortunes by capitalizing on the death and misery of war which they forced others 
into unwillingly, and through deception. They have insider trading knowledge of secret funds that in actuality 
belong to the American public, and unlimited personal access to those funds. 


40 



Regardless of any personal interpretation, the process for ascertaining truth which has held consistent with the 
values of the American public has been a trial by jury, where the prosecutors and defense abide by the law to 
conduct a fair and impartial hearings of the facts. This report is based on hearsay evidence, and as a result, 
proves nothing. Hopefully, what it does is define hypotheses to be proven by subsequent archive research. 

Americans had a chance in the 1980s to set the system straight, to enforce the law and prosecute those 
responsible for the Iran-Contra crimes. Americans could have sent a message that criminal behavior by its 
leaders is unacceptable. By not stopping this organization at that time. Congress and the American public 
allowed this criminal syndicate of American ‘heroes’ to continue to wreak even more havoc on the world in the 
name of the American public. This assault on the Constitution, freedom, democracy, the Geneva Convention, and 
the rule of domestic and international law has continued unabated for over 50 years. By refusing to re-open the 
widely discredited inquiry called the 9/1 1 Commission, and by refusing to address the covert funding that feeds 
this syndicate without accountability, the Congress seemingly becomes co-conspirator to past and future crimes. 
Ronald Reagan was correct: “....America will never make concessions to terrorists; to do so would only invite 
more terrorism. Once we head down that path, there would be no end to it, no end to the suffering of innocent 
people, no end to the bloody ransom all civilized nations must pay.’’ 232 

Before his death, Erie Cocke testified that he though the whole operation had become too big for anyone to 
determine how to bring closure to it, and that those who wanted to see it ended just gave up. Given the 
thousands of people who have been murdered to keep this secret, and given the way witnesses that could 
implicate this group are treated, maybe those that gave up were encouraged to do so. Two questions remain: 1) 
Does the American public want to bring an end to this covert war, and 2) Is there a way to bring this to closure? 

Two American Presidents - Kennedy and Carter - tried to bring this organization under control, and both were 
beaten by the machine. Hopefully, the lessons of their shortcomings will provide success in a third attempt. 

From the Hagakure: 

To tell others that 
It is a rumor 
Will not do. 

When your own heart asks, 

How will you respond? 


EP Heidner 
28 June, 2008 


Author’s Note: This is the condensed version of this story. The author cannot vouch for the accuracy of the source 
materials, although efforts have been made to validate the consistency of the story line with as many references as 
possible. There is no single fact or reference that this story is dependent on. The author expects some of the details 
to be disputed, and possibly disproved, but contends that the story line will hold true regardless. 


41 



Twin Tower Casualties by Occupant/Linked to Floors 



IP 1 




Company 

Deaths 

Floor 

Building 


CBS 

2 

110 

Tower 1 


Bronx Builders 

5 

107 

Tower 1 


Risk Waters Group 

17 

106 

Tower 1 


Windows on the World 

72 

106 

Tower 1 


Cantor Fitzgerald 

661 

101-105 

Tower 1 


Nishi-Nippon Bank 

2 

102 

Tower 1 


Kidder Peabody-Paine Webber 

2 

101 

Tower 1 


Marsh & McLennan Cos. Inc. 

281 

93-100 

Tower 1 

Plane struck 93rd to 98th 

Fred Alger Management 

35 

93 

Tower 1 

Carr Futures 

69 

92 

Tower 1 


Metropolitan Life Insurance Co. 

2 

89 

Tower 1 


May Davis Group 

1 

87 

Tower 1 


Julien J. Studley Inc. 

2 

86 

Tower 1 


LG Insurance Co. 

1 

84 

Tower 1 


General Telecom 

13 

83 

Tower 1 


Bank of America 

3 

81,9-11 

Tower 1 


First Liberty Investment Group 

1 

79 

Tower 1 


International Office Centers 

2 

79 

Tower 1 


Alliance Consulting 

7 

77 

Tower 1 


World Trade Center 

2 

77 

Tower 1 


Sidley Austin Brown & Wood 

1 

54.56-59 

Tower 1 


Hill International 

1 

52 

Tower 1 


Rohde & Liesenfeld 

2 

32 

Tower 1 


Empire Health 

11 

17,19,20,23,24,27-31 

Tower 1 

Bomb(s) supposedly 
planted on 23rd floor in 
unlisted FBI Office 

Lehman Brothers 

1 

2,4-21,24-26,29* 

Tower 1 

Port Authority of NY and NJ 

76 

3,14,19,24,2831 

Tower 1 

Garban Intercapital 

1 

25.26 

Tower 1 


Instinet (Reuters) 

4 

13,14 

Tower 1 


Tower 1 Total 

1275 





Id * i 




Company 

Deaths 

Floor 

Building 


Sandler O'Neill & Partners 

67 

104 

Tower 2 


Aon Corp. 

170 

92,99,100 

Tower 2 


Fiduciary Trust International 

78 

90,94-97 

Tower 2 


Regus 

5 

93 

Tower 2 


Washington Group International 

13 

22,91st 

Tower2 


New York State Department of Taxation and Finance 

39 

86,87 

Tower 2 


Harris Beach LLP 

5 

85 

Tower 2 


Euro Brokers Inc. 

60 

12,84 

Tower 2 

Plane struck 78th to 84th 

Chuo Mitsui Trust and Banking Co. 

2 

83 

Tower 2 

IQ Financial Systems 

3 

83 

Tower 2 

Fuji Bank 

15 

79-82 

Tower 2 

First Commercial Bank 

1 

78 

Tower 2 

Baseline Financial Services 

4 

77-78 

Tower 2 

Morgan Stanley 

9 

43-46,56,59-74 

Tower 2 


Seabury & Smith Co. 

1 

49 

Tower 2 


Lee Hecht Harrison 

1 

21 

Tower 2 


The Westfield Group 

1 

17 

Tower 2 


Verizon 

2 

LL.9-12 

Tower 2 


Deloitte Consulting 

1 

10 

Tower 2 


Summit Security Services 

11 

B2 

Tower 2 


Xerox Corp. 

2 

BSMT 

Tower 2 


Tower 2 Total 

490 





Calculated from CNN listing of casualties 


42 





Footnotes 


1 WTC Attack Destroyed Criminal Evidence , Dick Eastman, http://www.conspiracyplanet.com, October 26, 

2001 , see also Tom Flocco Interviews VK Durham - Financial Terrorism, Tom Flocco, November 26, 2006, 
http://tomflocco.com/ ; see also Part 4: More reasons to not investigate 9-1 1 , Karl W. B. Schwarz. (Schwarz’s 
four part series is no longer at it’s original website, and can be located via search engine.) 

See Casey: The Lives and Secrets of William J. Casey From OSS to the CIA, Joseph E. Persico, Penguin 
Books, 1990, p. 408. 

3 See page 3 of the report. 

4 See page 29 of the report to understand Federal Reserve actions . 

5 See page 28 of the report, listing the investigations. 

6 Brigadier General Erie Cocke’s deposition in US District Court, Southern District of New York, April 13, 2000, 
April 13, 2000, (as provided in photostat version in Guyatt’s Project Hammer Files), is a critical starting point 
for understanding the fund. In page 10 of the deposition, Cocke testifies he has reported to every President since 
Truman. See In Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, 
Verso, 2005, pp 96-99, the Seagraves explain the origins of the fund and how Secretary of War proposed the 
trust to Roosevelt. 

7 see “Wall Street counts the cost,’’ September 13, 2001, BBC News: “Bond trader Cantor Fitzgerald - the largest 
dealer in US government bonds - appears to have suffered the heaviest losses for a single firm....ICAP, 
formerly Garban-Intercapital, the world's largest inter-dealer broker....” From “Intra-Day Behavior of the 
Federal Funds Market’, Leonardo Bartolini, Svenja Gudell, Spence Hilton, Krista Schwarz, Federal Reserve 
Bank of New York, May 2005 one finds: “Euro Brokers, one of the largest brokers of federal funds.” 

8 As the largest trader of US securities, over time, most of these securities would end up being held by Cantor, on 
behalf of their owners. There are however, additional activities identified at Canto-Fitzgerald which suggests a 
very strong connection to the US Intelligence world. 

a. Cantor Fitzgerald has what is described in the press as a long-standing relationship with the Office of Naval 
Intelligence, the one and only intelligence group that had offices remaining in the section of the Pentagon that 
was struck by the attacking flight, see At The Pentagon, Quirky PowerPoint Carries Big Punch: In a World of 
'Gap' States, Mr. Barnett Urges Generals To Split Forces in Two, Greg Jaffe, Staff Reporter Of The Wall 
Street Journal, May 1 1 , 2004 

b. A group of Cantor Fitzgerald executives and traders had been the primary ‘financial/private sector’ 
participants in economic war games the year earlier, and in 1997 as well. These war games had been set up, 
and participated in by various U.S. intelligence agencies and the Council on Foreign Relations, and run out of 
the Cantor Fitzgerald offices. It is of notable coincidence that the few published notes on the games indicated 
the primary trades analyzed during the games were trades in government securities, oil and gold. The 
coincidence is rooted in the observation that it is these three types of assets that have become the focal point 
of nearly any and all contrarian theories explaining the events of 9/1 1 .See CFR Bankers Plan for Financial 
Crash, Richard Freeman, Executive Intelligence Review, July 28, 2000; Thomas P.M. Barnett, the Pentagon's 
New Map 

c. At least seven of the top Cantor Fitzgerald executives were absent from the office at the time of the attack. 
The President of Cantor Fitzgerald was taking his child to a first day of kindergarten, and six more executives 
were scheduled for a fishing trip that day. The trip was reportedly cancelled due to inclement weather at 8:00 
am, but every picture of the WTC that day shows cloudless skies. One of the three. Retired Admiral William 
(a.k.a. Bud or Bill) Flanagan, is identified as a member of the Board of Directors of the Washington Group 
International. Bill Flanagan’s role in this theory is of import because he seems to have 1) had a major role in 
the ‘economic war games’ which may have been conducted from the Cantor offices simultaneously with the 
other six simulations being executed that day, 2) had corporate responsibility for two firms that benefited 
financially from the tragedies of 9/1 1 (Titan and CACI), and 3) had responsibility for a third firm that may 
have played a role in the actual attack (Raytheon) see: Fort Collins, Colorado, May 26, 2005, 

TomFlocco.com. Flanagan would then become a VP of Titan Corp., the Defense contractor responsible for 
those contractors charged in the Abu Ghraib torture cases. 

9 The issue of explosions within the WTC is contentious, although most of the literature focuses on Building 7. 
Little focus is placed on the events in the North Tower, 22 nd through 25 th floors. The initial contention that the 
FBI offices on the floor were destroyed by explosives to cover up evidence crimes by US officials were initially 
made by Dick Eastman. [See WTC Attack Destroyed Criminal Evidence , Dick Eastman, 
http://www.conspiracyplanet.com, 10/26/2001.] He references a report by Peter Jennings about the discrete FBI 
offices in the building, not listed on the formal occupant roster. The facts which support his theory are 


43 



1) There was an inexplicable patter of death below the crash in the North Tower, compared to the South Tower. 
“Among the occupants under the impacted floors in WTC 1 , 72 people died , whereas under the impacted floors 
in WTC 2, 4 people died. Some fraction of the deaths below the impacted floors in WTC 1 occurred in the 
elevators, which were carrying people at the time of impact.” [NIST NCSTAR 1-7A (Draft) JFederal Building 
and Fire Safety Investigation of the World Trade Center Disaster, Analysis of Published Accounts of the World 
Trade Center Evacuation (Draft), Rita F. Fahy, National Fire Protection Association, Guylene Proulx, National 
Research Council Canada, September 2005, page 2.] Moreover, this pattern of deaths is concentrated in the 
occupants of the lower floors of the North Tower. With Empire Health reporting the loss of 9 employees and 
two subcontractors for “unknown Reasons.” “At Empire Blue Cross Blue Shield, nine employees and two 
consultants died: “Some deaths are understood: One man, for example, stayed on the 27th floor with a disabled 
friend; both died. Other deaths remain a mystery. "We suspect some were in elevators" when the plane hit, vice 
president Deborah Bohren said. "But we don't really know." [World Trade Center Locked Stairwells/Evacuation 
Problems, Accumulating Comments on.... (c) 2001, Mike Barkley] 

2) There is eye-witness testimony that the 22 nd through 25 th floors were ripped open, although nothing like this 
is reported elsewhere in the World Trade Center. 

• 22nd floor ripped open 

"First plane hit our building at 8:45. We decided to evacuate from the 22nd floor after 15 minutes. The 
delay was because we did not know the extent of the damage; part of the 22nd floor was sheared 
away...” http://www.huemer.com/ [Inside the North Tower: Witness Accounts, Floors 59-02, 
http://91 1 stories. googlepages.com/insidethenorthtower:witnessaccounts,floo2 1 
see also: FIRE2.pdf. 0900 hours, 58 minutes and 15 seconds. OPERATOR: Yes, on the 22nd Floor. 

You have people trapped there he said the floor has fell out of the building where he is. 

DISPATCHER: Underneath him? The floor? OPERATOR: Underneath him, yes. 

[9/1 1 NY Aircraft 'Witnesses', April, 7 2006 -Analysis, Nico Haupt April 7, 2006 
http://www .9 1 1 closeup ,com/nico/witness_contradictions .html] 

• 23rd floor ripped open 

“We made it up to the 22nd floor. We stood there for a couple minutes. I believe Andy Desperito 
talked to the battalion through the fire warden phones. We did locate somebody at the end of the hall, 
but everything was blown out. The ceiling had fallen. The drop ceiling had blown to the floor. Some of 
the walls were blown out. So Andy and I had crawled down the hallway to get to the Port Authority 
command post.” [Firefighter LONG] on 22FLNT 

• 25th floor ripped open 

“When we finally got to the door at the 24th, two women were holding the door open and screaming as 
they looked down the hall. Morbid curiosity got the best of me. I peeked my head through the door and 
saw that ceiling had caved in from the above floors. It looked like a tornado had come through the 
place.” [http://groups.yahoo.eom/group/PASCDiscuss/message/7, "From: j_montev@yahoo.com, 

"Date: Mon Sep 17, 2001 5:25 pm , "Subject: Personal Account] 

3) There is the inexplicable coincidence that an explosion has occurred on the floor with the command center, 
underneath the FBI Offices. It was an explosion that prevented the occupants of the hardened control room from 
escaping. “The bomb that went off on the 23rd floor of the North Tower near the moment of the first plane 
hitting the building was revealed indirectly on the 60 Minutes program a week or so later— John Tebeak (Sp .?) 
the new wtc security chief being interviewed tells of his rescue of Port Authority workers on the 22nd floor 
totally buried in debris when the bomb-demolished 23rd-floor roof collapsed on them — 30 stories below the 
airliner crash! (I have this on tape, and have made the transcript, and can put you in touch with Steve in Maine 
who has the actual video. ) [Is there a connection between the 23rd-floor destruction and a phantom missile that 
people are claiming to see hitting the building along with the first plane that crashed. People were dead, 
rescuers had to dig through rubble to rescue the Port Authority personel on the floor below those 23rd-floor 
government offices (disguised as health insurance offices) where information in the above two cases were 
being stored. Subject: [CINDS] Frank Levi — small jet/missile seen flying directly over AA-77 to trick radar/ / 
OTHER "REMOTEJACK" REMOTE-CONTROL CRASHJACKINGS DOCUMENTED. The destruction on 
the 22 nd floor is attributed in the9/ll Report to fuel fireballs from the elevator shaft, however, one internet 
blogger has articulated to improbability of a fireball on the 22 nd floor. “As we know, three shafts continued 
from the impact zone down to the basement. These three shafts were also the only ones reaching from impact 
zone to the 22nd floor. It's important to note that Cars 6 and 7 didn't stop on floor 22. Only Car 5, 48, 50 and the 
elevators of Bank B did. So there were no doors or framing which could be blown out in the case of Car 6 and 
7. The only one remaining for the official version to be true, is Car 50, the main freight elevator. But the witness 
also describes looking down and just seeing cables. Obviously the car would be in the shaft somewhere, most 


44 



likely out of sight, but the witness describes seeing the elevator cables, which if severed as they were in the case 
of car 50, would not just be hanging there. So elevator 6 and 7 had no door framings, and the remaining elevator 
50 had no cables still hanging inside the shaft. It seems that Yarembinsky is not talking about one of these three 
elevators, which would of course be in contradiction to the official version. Despite this, from firefighter Dunne 
and Bessler we know also, that more than one elevator was affected. So more than elevator 50. This then must 
be 6 and 7, as no other shaft reaches the impact zone. This would mean that two separated fireballs, one in the 
shaft of Car 50, one in the shafts of Car 6 and/or 7, traveled down the shafts and both exploded on floor 22. This 
would be an incredible coincidence. An even greater coincidence considered that there were no openings on 
floor 22 for Car 6 and 7, making it even less probable that the overpressure of an explosion in shaft 6 and 7 
would go this way. This is highly unlikely, and it's reasonable to consider that the elevators the firefighters are 
describing are not 6 and 7, and likely not 50. This would lead to the question how the fuel got there. So both 
variants, that 6,7 and/or 50 where the origin of the damage on floor 22 or other elevators caused this, both 
variants contradict the official version. Because it was assumed that shaft 6 or 7 were the origin of the 
explosion, how could the fireball explode on the 22nd floor and on basement-levels without exploding on all the 
levels between?” [The Basement Explosions, Member No.: 1,085, Nov 2 2007, 
http://zl0.invisionfree.com/Loose_Change_Forum/index.php?showtopic=18745, Nov 2 2007,] 

10 8.47 a.m. WTC security radio report, PA Channel X - "...?. ..There is a [b]fire on 22."; 8.47 a.m. WTC security 
radio report, PA Channel X- "....?. ..on the 22nd floor a lot of debris." (NIST NCSTAR1-8, p.194) 

1 1 “When hijacked American Airlines Flight 77 hit the Pentagon at more than 500 mph, slamming through 
concrete and corridors, spewing fuel and fire, it destroyed much of the Navy Command Center. It smashed 
directly into the offices of the CNO-IP. ...Even in the acronym-happy Pentagon, the term CNO-IP is obscure. 

It stands for Chief of Naval Operations Intelligence Plot. Its small, typically young staff keeps a round-the-clock 
watch on geopolitical developments and military movements Brilliant futures were forged in the CNO-IP. 

Adm. Bobby Ray Inman, later deputy CIA director, served there; so did Sen. Richard Lugar (R-Ind.). Radi, who 
stood the Intelligence Plot watch in his twenties, later moved to the White House Situation Room. In mid- 
August, ...the CNO-IP was moving to renovated offices in the Navy Command Center, on the first floor of the 
D-Ring, on the Pentagon's west side. One hundred twenty-five Pentagon workers were killed that day. Forty- 
two died in the Navy Command Center. Seven served in the Intelligence Plot.” [The Last Watch, Richard 
Leiby, Washington Post, 1/20/2002] 

12 “In fact, it appears that such bogus gold certificates are being used in some interesting ways by certain Wall 
Street and Washington types to artificially prop up the U.S. economy to cover up the fraudulent numbers.... I 
now have in my possession evidence, and sent it out overnight to 10 other secure sources to protect the 
information, that a 10-year Brady Bond deal was being worked on and closed toward in the end of 1991 , or was 
to have matured and been due somewhere on or after September 1 1 , 200 1 .. . . Part of the story can be found by 
looking into Securities and Exchange Commission v. John D'Aquisto Securities. The name of John D'Aquisto 
(convicted) also appears numerous times as do Merkav International and Marion Aiken (convicted). First 
Guilford Financial Limited, London, but domiciled in Isle of Man ... along with three of its officers Steve 
Billand, Charles A.M. Duncan, Jeff Muller, and others related to other companies in Russia, Australia, Ireland, 
the Canadian provinces of British Columbia and Ontario, all patterns to look for in picking up the trails of such 
scams. It is the "multi-jurisdiction" facet that makes these deals hard to detect, track and litigate for fraud. It is 
by design and intent so they can perpetrate fraud and get away with it. One of the D'Aquisto documents was 
from a "Bay State Trust" based in Zurich, dated 10 September 1991 , and just more of a trail that needs to be 
fully investigated due to the contents of that letter.” Part 4: More reasons to not investigate 9-11, Karl W. B . 
Schwarz 

13 CNN listing of causalities records 1,765 occupants of the Two Towers as victims (490 in Tower 2 and 1,275 in 
Tower 1). Cantor lost 661 employees. Eurobrokers lost 60, Garbon lost 1, for a total of 722, or 41%. 

14 Federal Register / Vol. 67, No. 151 / Tuesday, August 6, 2002 / Notices. 

15 “Barry Jennings... described what he saw when he got down to the lobby: "It was totally destroyed, it looked 

like King Kong had been through it and stepped on it and it was so destroyed I didn't know where I was. It was 
so destroyed that had to take me out through a hole in the wall, a makeshift hole I believe the fire department 
made to get me out." [http://www.prisonplanet.com/audio/190607clips2.mp3] The key to this information is 
that the individual testifies this all happened BEFORE either tower collapsed, thus building 7 was at that point 
completely undamaged from any falling debris or resulting fires.” [9/11 Bombshell: WTC7 Security Official 
Details Explosions Inside Building Also here are a couple of photos showing WTC 7 on fire on the 11 and 12 
floors BEFORE the collapse of the Twin Towers!!!!!!!!!!!!” 

[http://digg.com/politics/9_l l_Bombshell_WTC7_Security_Official_Details_Explosions_Inside_Building?t=72 
69148] see also: “Barry Jennings, a City Housing Authority worker, and Michael Hess, New York’s 


45 



corporation counsel, went up to the emergency command center on the 23rd floor of WTC Building 7 after the 
first attack occurred (see (Shortly Before 9:03 a.m.) September 11, 2001). [Associated Press, 9/11/2001; 
Independent, 9/13/2001] At some point, the power goes out in the building. They then start walking down the 
stairs to get out. According to Hess, when the two men get down to the eighth floor, “there was an explosion 
and we’ve been trapped on the eighth floor with smoke, thick smoke, all around us, for about an hour and a 
half.” [UPN 9, 9/1 1/2001] Jennings similarly describes, “We made it to the eighth floor. Big explosion. Blew us 
back into the eighth floor, and I turned to Hess. I said, ‘This is it; we’re dead. We’re not gonna make it out of 
here.’” [Penn State Public Broadcasting, 3/1/2002] The National Institute of Standards and Technology (NIST) 
claims the two men head down the stairs after 9:59, when the first collapse occurs, and then become trapped 
around the time the second tower collapses, at 10:28. [National Institute of Standards and Technology, 9/2005, 
pp. 109-110 ] But according to the London Independent, they start heading down the stairs after the second 
attack at 9:03, which suggests the explosion occurs earlier on. [Independent, 9/13/2001] The cause of the 
explosion is unclear. Later on, firefighters rescue Hess and Jennings from the building (see 12:10 p.m.-12:15 
p.m. September 11, 2001). [National Institute of Standards and Technology, 9/2005, pp. 109-110 ]” 

16 Ground Zero for the Secret Service, CyberCrime, July 23, 2002, article is based on original reporting by 
"CyberCrime" senior producer and co-host Alex Wellen; see also “The 47-story, WTC-7 burst into flame, 
several suspicious, small haphazard fires that raged hours through several key floors long after the twin towers 
fell. They should have been extinguished in minutes by the buildings fire system. Besides government agencies 
DOD, CIA, SS, IRS and Giuliani's "Command HQ," it also was home to the Security and Exchange 
Commission. Several of the floors housed records pertaining to multi-billion dollar investigations. The Los 
Angeles Times reported on September 17, 2001 that an estimated 3,000 to 4,000 cases were destroyed....” “So 
very unfortunately, lots of documentation and evidence was lost with the collapse of WTC 7. The CIA's 
clandestine New York station was lost, seriously disrupting United States intelligence operations.... 
Unfortunately, "Some further email records the committee has requested cannot be retrieved," wrote Citigroup 
Deputy General Counsel Jane Sherburne in an Aug. 7 letter to House Committee on Financial Services. "The 
backup tapes were lost when the building in which they were stored (7 WTC) was destroyed in the terrorist 
attack on September 11, 2001." [www.thestreet.com/markets/matthewgoldstein/10041 194.html] (Author’s 
note: No IT professional stores back-up tapes in the same building as the hardware they are sourced from. Off- 
site storage for the WTC was vigorously pursued after the 1993 attack.). See also 

“But more importantly WTC 1 .... housed high-level government offices including the FBI, CIA and the Secret 
Service. WTC 7 was also the storage facility for millions of files pertaining to active cases involving 
international drug dealing, organized crime, terrorism and money laundering.” From PBS Documentary: 
Silverstein, FDNY Razed WTC 7, Jeremy Baker; 

“WTC 7 had a clandestine CIA bunker on the 23rd floor, and offices were occupied by the Department of 
Defense (DOD), INS (Immigration & Natural Services), the IRS (Internal Revenue System), as well as some of 
the banks involved in shady wire transactions to the supposed Arab terrorists involved in 9/11. Additionally, the 
SEC had much of its filings in WTC 7 - including Enron's SEC filings. WTC 7 was likely a central planning 
station for what really happened on 9/1 1 .” From 9-11 Science Report, Dr, Stefan G.E. Grossman, Appendix D; 
"Maybe no financial institution lost more critical documents than the Securities and Exchange Commission, 
which had its New York regional office at 7 World Trade Center. While the regulatory agency was fortunate in 
that it lost no employees in the terror attacks, it suffered setbacks in a number of long-running securities 
investigations." From www.thestreet.com/markets/matthewgoldstein/10041 194.html; 

"Regardless of what the regulators say, they lost a ton of files," says Bill Singer, a New York securities lawyer, 
who says one case he had pending before the SEC quickly settled because so many of the original documents 
were destroyed. "In my opinion it was a wholesale loss of documents." From 

www .the street .com/ markets/ matthe wgoldstein/ 1 004 1194 .html; 

“What's curious, especially given all the Wall Street scandals later in the year, is that Building 7 was where the 
SEC was storing files related to numerous Wall Street investigations. All the files for approximately 3,000 to 
4,000 SEC cases were destroyed. Some were backed up in other places, but many were not, especially those 
classified as confidential. [National Law Journal, 9/17/01] Lost files include documents that could show the 
relationship between Citigroup and the WorldCom bankruptcy. [The Street, 8/9/02] The Equal Employment 
Opportunity Commission estimates over 10,000 cases will be affected. [New York Law Journal, 9/14/01] The 
Secret Service also lost investigative files. Says one agent: "All the evidence that we stored at 7 World Trade, in 
all our cases, went down with the building." From Tech TV, 7/23/02; “It is also eventually revealed that there 
was a secret CIA office in Building 7” from CNN, November 4, 2001” 

http://www.thenewliberator.com/wethepeople.htm, Douglas R Page, April 3, 2003] 
http://www.techtv.eom/cvbercrime/features/storv/Q, 23008 ,3378780 ,00 .html 


46 



17 9/1 1 Rescuer Saw Explosions Inside WTC 6 Lobby, February 10, 2006, as testified to by eye-witness Ground 
Zero EMT Patricia Ondrovic . One also needs to note the photographic evidence of Building 6 before the 
Towers fell, which show a large crater in the center of the building. 

18 “FBI Director Robert S. Mueller III announced last week that he is reorganizing the agency and will reassign 
hundreds of agents to counterterrorism.’’ See Profiling worries called hindrance, Dave Boyer, Washington 
Times, June 4, 2002, http://www.washtimes.com/national/200206Q4-4233227.htm . This would the same 
strategy that Mueller deployed when taking over the investigation of BCCI: replacing the current investigators 
with his own team. See Note96 

19 Tom Flocco Interviews VK Durham - Financial Terrorism, Tom Flocco, November 26, 2006, 
http://tomflocco.com/ 

20 “All the command centers save the Navy’s were on the River or Mall sides; the National Military Command 
Center could have been decimated as the Navy Command Center was, a disaster that could have effectively shut 
down the Pentagon as the first American war of the twenty-first century.... When Flight 77 hits the Pentagon, it 
misses the parts of the building known to house the military’s most senior leaders. Journalist and author Steve 
Vogel later says, “The hijackers had not hit the River or Mall sides’’ of the building, “where the senior military 
leadership had been concentrated since 1942.’’ At the time of the attack. Secretary of Defense Donald Rumsfeld 
is “sitting in the same third-floor office above the River entrance as every secretary of defense since Louis 
Johnson in 1949, a location that had been a matter of public record all that time.” From Steve Vogel, The 
Pentagon: A history (New York: Random House, 2007), pp. 431 and 449., 

http://complete91 1 timeline ,org/entity.jsp?entity=pentagon 

21 The Last Watch, Richard Leiby, Washington Post, January 20, 2002. “In mid-August, . . .the CNO-IP was 
moving to renovated offices in the Navy Command Center, on the first floor of the D-Ring, on the Pentagon's 
west side.” 

92 The evidence presented by the National Transportation Safety Board is ‘compelling,’ and this suggests a flight 
approach at level for which there can be no witnesses other than the testimony their documents provide. The 
alternative flight path is drawn from testimony of hundreds of on-ground individuals. Cases can be made for 
the credibility of either, but the only real issue is whether a loop occurred, and that is not in dispute. 

23 Down the rabbit hole with the man who says he tried to warn the world about 9/11, GNN Special Report, 

Sander Hicks, http://www.fromthewilderness.com/free/ww3/092602_vreeland_gnn.html. 

24 See Note 37 

25 A Slow Zoom on the Final Loop, Adam Larson, July 16 2007, 
http://frustratingfraud.blogspot.com/2007/07/slow-zoom-on-final-loop .html 

26 National Transportation Safety Board, Office of Research and Engineering, Washington D.C., February 19, 
2002, Flight Path Study - American Airlines Flight 77, 
http://www.gwu.edu/%7Ensarchiv/NSAEBB/NSAEBB196/doc02.pdf 

27 "Prince Nayef, head of Saudi security observed last week, Osama bin Laden is largely a figurehead. Its real 
leaders, said the prince, echoing this column's view, remain as yet unknown and are likely outside Afghanistan, 
"see Toronto Sun, December 17, 2001. 

28 “At some point, probably in 1998 or early 1999, the Hamburg group decided to 'offer themselves 1 to al Qaeda, 
[a] U.S. counterterrorism official said, describing Zammar as a central player in that process." ‘See Securing 
The Plot — The Lead-Up To 9/11’, http://91 lreview.org/Wiki/TruthLiesPlot.shtml , There's Something About 
Omar: Truth, Lies, and The Legend of 9/1 1 , by Chaim Kupferberg, October 21 , 2003 

29 see Project Hammer - Covert Finance And The Parallel Economy, David G. Guyatt, Nexus Magazine, Volume 
9, Number 1 December-January 2002; The issue is best extrapolated from Earle Cocke’s deposition, where he 
describes Project Hammer as an investment program of $220 billion, with unidentified investments. 

30 See Casey: The Lives and Secrets of William J. Casey From OSS to the CIA, Joseph E. Persico, Penguin 
Books, 1990, pp. 364-365. 

31 see Rise of the Vulcans: The History of Bush’s War Cabinet, James Mann, Penguin, 2004. 

32 Oliver North would reference the use of Marcos Gold for illegal, covert operations. “In 1985, [Oliver North] 
attempted to sell 44 tons of Marcos bullion, worth $465 million, on the black market. He blithely suggested 
skimming $5 million to finance the Nicaraguan contra war, but the deal fell through when North, true to form, 
stiffed the Israeli middlemen on the Marcos payroll. Tapes and documents implicating American officials in the 
gold transfers were withheld from the Iran-contra committee by Major General Colin Powell, Defense Secretary 
Caspar Weinberger and William Odom, director of the NSA. "It wasn't so much the mention of gold that 
concerned them," say Thompson and Kanigher. "It was Marcos talking (on tape) about contributions to U.S. 
presidential campaigns and the use of the gold proceeds to fund illegal arms deals." [Iran-Contra Connections to 
the Oklahoma Bombing , by Alex Constantine © 2000 Alex Constantine. All rights reserved] 


47 



33 It is the contention of this report that these funds, identified through time by various operatives, are one and the 
same in origin. 

34 Technically, it can be argued that what was done was legal and justified by any number of Executive Orders. 
Arguments along those lines seem to convince courts to shut down and/or seal investigations, and make it 
convenient forjudges and legislators to look away. The essence of argument against the covert activities is that 
all of these funds are all ‘secret’ because the U.S. has no right to the funds under international law. If an 
argument can be found to justify the retention of the gold, the subsequent arguments which would need to be 
addressed contend that the ‘secret’ funds violate Constitutional requirements for waging war and separation of 
powers. One would then need to address illegal profiteering from public funds, and dereliction of duty for lack 
of oversight. It seems that when people ‘disagree’ with the management of this fund, their rights are denied in 
the interest of ‘national security'. When a fund that was created in the interest of defending democracy is used 
to subvert it - it needs to be exposed for what it is. 

35 Those associated with the Russian coup story who have died under unnatural situations: Robert Maxwell, 
Steven Curtis, Andrei Kozlov, Nikolai Kruchina, Yuri Golubev, Boris Pugo, Russell Hermann, and J. Carter 
Beese. Leo Wanta and John D'Acquisto did prison time. 

36 An argument can be made for the reported explosions in the basement that they were set to destroy the vault 
shared by all the financial organizations in the WTC, thus destroying certificates required to settle the loans.. 
“The difficulty with lost certificates was dramatically demonstrated during the September 11,2001, tragedy 
when thousand of certificates were destroyed in vaults maintained by broker-dealers.’’ From the Federal 
Register / Vol. 67, No. 151 / Tuesday, August 6, 2002 / Notices. As an interesting side note, someone was 
trying to remove gold bullion from the vault when the buildings collapsed. They evidently received prior 
warning, as no bodies were found with the lorries. From the New York Daily News: “Cache of gold found at 
WTC; Two truckloads retrieved through a tunnel in rubble” by Greg Gittrich, Thomas Zambits and Leo 
Standora, Daily News Staff writers. October 31, 2001 

37 “Sioux City, Iowa — July 25, 2005 TomFlocco.com — According to leaked documents from an intelligence file 
obtained through a military source in the Office of Naval Intelligence (ONI), on or about September 12, 1991 
non-performing and unauthorized gold-backed debt instruments were used to purchase ten-year "Brady" bonds. 
The bonds in turn were illegally employed as collateral to borrow $240 billion— 120 in Japanese Yen and 120 in 
Deutsch Marks— exchanged for U.S. currency under false pretenses; or counterfeit and unlawful conversion of 
collateral against which an unlimited amount of money could be created in derivatives and debt instruments...” 
from Cash payoffs, bonds and murder linked to White House 9/1 1 finance, Tom Flocco, tomflocco.com 

38 see http://www.theantechamber.net/ ; also conduct a search engine query on “VK Durham” 

39 see Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 
2005, p. 230 regarding Belli lawsuit 

40 see Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 
2005. p. 358 

41 see Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 
2005, pp. 94-96 

42 see Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 
2005, pp. 96-97. It is important to note the original ‘argument’ for keeping the gold ‘secret’ was to prevent a 
collapse of the world’s currencies, which at that time were tied to gold. It was argued that if the amount of gold 
discovered became public, currency values would drop. See Seagraves, p4. 

43 for Robert Anderson’s association with intelligence operations, see All is Clouded by Desire: Global 
Banking, Money Laundering, and International Organized Crime, Alan A. Block and Constance Weaver, 
Praeger, 2004 p.28-32; Ex-Treasury Chief Gets 1-Month Term in Bank Fraud Case, Frank J. Prial, New 
York Times, June 26, 1987 

44 The legal precedents established by the Holocaust survivors and their heirs, in getting their gold returned by 
Swiss banks stands as a constant reminder to government officials that should the Black Eagle Trust be 
exposed, the rightful owners and their heirs would have claim to it. 

45 See Footnote 6 

46 See Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 
2005, p.222-234. 

47 “Through Allen Dulles, the firm also represented investment banker Brown Brothers, Harriman interests 
beginning in 1936 to "dispose of Standard Oil investment stock," which had been combined with German 
chemical corporation I.G. Farben. Dulles also directed U.S. business affairs for Fritz Thyssen, Hitler's primary 
financial backer.... The Dulles family who founded the Marine Midland Bank with Seligman and Schroeder. 
The Dulles brothers later founded the Bank of New York.” from Follow the Yellow Brick Road: From Harvard 


48 



to Enron Part Three, Linda Minor, 2002, http://www.ne wsmakingnews.com/lm4, 17, 02, harvardtoenronpt3.htm . 
The Allen Dulles connection to the BNY is extremely difficult to find, although his connections to the J Henry 
Schroeder (Schroder) Bank are widely documented. Because the Schroeder bank, as the financier for Adolf 
Hitler, received an understandable but inordinate amount of negative press because of this relationship, it 
dissolved into history. One unimpeachable on-line resource ties that dissolution to the Bank of New York: 
Federal Register: October 14, 2004 (Volume 69, Number 198), Notices, Page 61065-61066, From the Federal 
Register Online via GPO Access [wais.access.gpo.gov] [DOCID:frl4oc04-l 15] SECURITIES AND 
EXCHANGE COMMISSION, [Release No. 35-27900] “Bank of New York (the successor to J Henry 
Schroeder Bank & Trust Company.” 

48 see also “To cover a fraction of the costs of this massive enterprise, former spymaster Paul L. E. Helliwell 
established and directed a string of drug money laundering banks for the CIA. At the time, Helliwell was 
general counsel for the Thai consulate in Miami, an active leader in the Republican Party, and a friend of 
Nixon’s cohort, Bebe Rebozo. Among his drug smuggling credentials, Helliwell had worked with Chiang 
Kai-Shek’s intelligence chief. General Tai Li, and had set up the CIA’s drug smuggling air force, CAT 
[Civil Air Transport](later Air America), as well as the Bangkok trading company Sea Supply, which 
provided cover for CIA officers advising the drug-smuggling Thai border police.” Douglas Valentine A 
Review of The Strength of the Wolf: The Secret History of America’s War On Drugs by Douglas Valentine, 
Carlo Parcelli, http://members.authorsguild.net/valentine/ 

49 June 17, 1995 telefax on account holder Victoriano A. Bayaban’s account of 1 16,000 metric tonnes at Citibank, 
From files of David Guyatt’s Project Hammer Files. Bayaban was an associate of Ferdinand Marcos. The 
amount is not inconsistent with the Seagrave reports that upon Santa Romana’s death, his accounts were 
transferred to Lansdale/Citibank, with the largest account exceeding 20,000 tonnes. Seagrave, p222. Freedo Of 
Information Case Logs from the CIA suggest that request F-2004-01304 "ALBERTO DE CACPAL, SR., AKA 
VICTORIANO BAYABAN - was an effort to track down the elusive Bayaban. 

50 All is Clouded by Desire: Global Banking, Money Laundering, and International Organized Crime, Alan A. 
Block and Constance Weaver, Praeger, 2004 pp.39-42. 

51 All is Clouded by Desire: Global Banking, Money Laundering, and International Organized Crime, Alan A. 
Block and Constance Weaver, Praeger, 2004 p.41 

52 Spartacus, John Simkin, http://www.spartacus.schoolnet.co.uk/JFKcaseyW.htm. 

53 The Boodle Boys, Kris Millegan, 1999, http://www.ctrl.org/boodleboys/ 

54 Jardine Matheson would ultimately take over Marcos’ personal gold smelting operation. See Gold Warriors: 
America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 2005, p.184 

, 55 See Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 
2005, p.268 

56 see “Rev. Father Diaz alias Col. Santy and Gen. Edward Lansdale without showing any mercy then killed the 
Hukbalahak rebels. Why? Because the territories held by the rebels are the exact locations where Yamashita's 
gold was buried. Not only that. Rev. Father Diaz, alias Col. Santy and his cohorts OSS Agents even tortured the 
personal driver of Gen. Yamashita to confess and reveal where the gold was actually buried. Major Ferdinand 
Marcos, who became senator and president of the Republic, also knew about it. “[Confession No. 11: According 
to Philippine Man, Jesuit And Vatican Have Pilfered Trillions In Gold Owed To The People; Greg Szymanski, 

2 July 2, 2006, http://www.arcticbeacon.com/confessions/2-July-2006.html 

57 See Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 
2005, p.245. 

58 See Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 
2005, p. 175 

59 There are two sources that indicate that while captured Nazi gold was returned, it has become more obvious that 
not all captured gold was returned to it’s rightful owners. See Observations concerning the Memorandum of 
Understanding (MOU) between the World Jewish Congress et al. and the Swiss Bankers Association signed 
May 2 1996 in New York, by anonymous. May 25, 1996. In this memorandum, it is clear that “Not only are the 
circumstances and conditions murky, but it is also still far from clear how much French gold was returned to 
France, how much found its way to the American reserves, and how much was turned into "Swiss gold". 
Interestingly, some European historians suspect that several parts of the U.S. and other Allied governments 
participated in the post-war disappearance of Jewish and non-Jewish assets confiscated by the Nazis.” See 
also: Who Wants To Sack Heidyland? Anton Keller, Secretary, Philip Wainwright, Legal Adviser Swiss 
Investors Protection Association, Geneva - e-mail: swissbit@solami.com, January 1, 1998. 

60 Douglas Valentine A Review of The Strength of the Wolf: The Secret History of America’s War On Drugs by 
Douglas Valentine, Carlo Parcelli, http://members.authorsguild.net/valentine/ 


49 



61 It is also said that preliminary studies on Northwoods were undertaken by Brigadier General William H. Craig, 
described as Lemnitzer's covert actions officer. Craig was CIA and was at the time Project Officer for the Cuba 
Project (Operation Mongoose) under Operations Chief Brigadier General Edward Lansdale. famed for his 
psyops. Operation Northwoods Joint Chiefs of Staff, USA, by Andres Petit, November 19, 2006, 
http://www.afrocubaweb.com/news/northwoods/northwoods.html 

62 There are multiple Internet web sites that produce the now famous Northwoods documents. A simple search 
engine query should provide references required. 

63 “In 1969 Shackley became Chief of Station in Vietnam and headed the Phoenix Program. This involved the 
killing of non-combatant Vietnamese civilians suspected of collaborating with the National Liberation Front. In 
a two year period. Operation Phoenix murdered 28,978 civilians.” See 

http://www.spartacus.schoolnet.co.uk/JFKshackley.htm . See also The Secret Team, Part III: Chaos in Laos, 
John Bacher, Peace Magazine Apr-May 1988, page 9 

4 “On 5th October, 1986, a Sandinista patrol in Nicaragua shot down a C-123K cargo plane that was supplying 
the Contras. That night Felix Rodriguez made a telephone call to the office of George H. W. Bush. He told Bush 
aide, Samuel Watson, that the C-123k aircraft had gone missing.” From 

http://www.spartacus.schoolnet.co.uk/JFKgreggD.htm . See also, for references to Rodriguez’s extended calls to 
Whitehouse: Lost History: The CIA's Fugitive Terrorist, Robert Parry, 1996, 
http://www .consortiumne ws .com/arc hive/lost 1 3 .html . 

65 Over 300 women and children civilians were massacred during the Vietnam War by Charlie Company, which 
the U.S. Military courts found unacceptable. “In 1971 five members of Charlie Company including Captain 
Medina and Lt. Calley were subjected to courts-martial. Captain Medina was represented by prominent defense 
attorney f. lee bailey and was acquitted of all charges. Lt. Calley was the only soldier convicted. He was found 
guilty of the premeditated murder of more than 20 Vietnamese civilians and sentenced to life imprisonment. His 
sentence was later reduced to 10 years and he was paroled in September 1975.” http://legal- 
dictionary.thefreedictionary.com/Mai+Lai+Massacre 

66 Clinton's Money Laundry, Sherman H. Skolnick, June 13, 1999, at 
http://www .konformist.com/skolnick/ 1 999/ss06 1399 .htm : see also 
http://www.spartacus.schoolnet.co.uk/JFKwilsonE2.htm 

67 See see Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 
2005, p. 187 

68 John Simkin, http://www.spartacus.schoolnet.co.uk/JFKnugan.htm ,: see also The Marcos Dynasty, Sterling 
Seagrave, 1988, Harper & Row, Inc 

69 see Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 

2005, p. 184 

70 see Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 

2005, p.358 " ' 

71 see Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 
2005, p. 190 and 222 

72 Inside story: the Bush gang and Barrick Gold Corporation, Anton Chaitkin, 
http://www.afrocentricnews.com/html/bush_gang .html] 

73 See Footnote 9 

74 “In Australia, the Nugan Hand Bank begins operations with 30% of the stock held by Australasian and Pacific 
Holdings (100% Chase Manhattan Bank), 25% by CIA's Air America (known as 'Air Opium'), 25% by South 
Pacific Properties and 20% held by Seldon, Nugan and Hand.” From “A Multi-Year History In Brief E-mail 
of January 23, 2007, said to derive from the David Icke website, which is www.david icke.com, received 
January 26, 2007. 

75 The CIA in Australia, Transcript radio documentary. Part 1 of a 6 part series. Jane Lanbrook , Watching 
brief, PRNS, October 1986, http://www.cia.com.au/vic/cia.Ltxt 

7(1 The CIA in Australia, Transcript radio documentary. Part 1 of a 6 part series. Jane Lanbrook , Watching brief, 
PRNS, October 1986, http://www.cia.com.au/vic/cia.Ltxt 

77 Clandestine Projects, Sherman H. Skolnick, Conspiracy Nation, — Vol. 8 Num. 18 

78 “Reacting both to the end of the war and to congressional investigations of covert activities, Jimmy Carter's 
CIA director Stansfield Turner purged nearly 800 people from the agency. Some of them turned up in the 
Beltway firms. "One result of the purge was that many of the former agents set up private companies that began 
working for the agency and the Defense Department as independent contractors," says a former high-level 
intelligence official.” The Marine's Private Army, John F. Stacks, Time Magazine, Jun. 24, 2001; see also The 


50 



Lives and Secrets of William J. Casey from the OSS to the CIA, Joseph E. Persico, Penguin Books, 1990, 
p.213. 

79 see Ari Ben-Menashe. Profits of War, Inside the Secret U.S. -Israeli Arms Network, Sheridan Square Press, 
1992, pp. 169-170; Executive Outcomes ties lead to London and Bush, Roger Moore and Linda de Hoyos, 
Executive Intelligence Review January 31, 1997, pp. 42-43 

80 “George Bush, who, as vice president, beginning in 1981, carried out Executive Order 12333, which placed all 

U. S. intelligence operations under Bush's personal control.” Executive Outcomes ties lead to London and Bush, 
Roger Moore and Linda de Hoyos, Executive Intelligence Review January 31, 1997, pp. 42-43 

81 The Lives and Secrets of William J. Casey from the OSS to the CIA, Joseph E. Persico, Penguin Books, 1990, 
pp.305-306. 

82 “Richard Wirthlin, the pollster for the Reagan-Bush campaign, said that if the hostages were released before the 
election Carter would gain a boost of 5 or 6 percentage points in the polls, or even as much as 10 percent, giving 
him a sure victory for that election.” See Hostage deal. Inslaw cases connected in Congressional probe, Harry 

V. Martin, Copyright, Napa Sentinel 1991. 

83 The October Surprise: The Iranian Hostage Rescue Mission, and the 1980 Presidential Election, Don Hopkins, 
December 1998, http://www.donhopkins.com/drupal/node/104 , see also Hostage deal. Inslaw cases connected 
in Congressional probe, Harry V. Martin, Copyright, Napa Sentinel 1991. 

84 Did Bush go to Paris?, Harry V. Martin, Copyright, Napa Sentinel, 1991 , Last in an Ten Part Series 

85 Alexander Haig and the First Edition of The Immaculate Deception, http://home.att.net/~m.standridge/haig.htm 

86 George Bush: The Unauthorized Biography,” by Webster G. Tarpley & Anton Chaitkin, - Part 7, 
http://www .padrak .com/ alt/BUSHBOOK_7 .html 

87 The history of Bush / Reagan relationship is intriguing. Reagan did not want Bush as his VP. Reagan disliked 
Bush, and was reluctant to appoi nt him as Vice President. Rockerfeller told him that if he didn't take Bush in 
the Vice-President's slot, "The only way you will see the inside of the White House is as a tourist." Later, his 
support for Bush slid significantly. See also: Haines, Joe. Maxwell. Boston: Houghton-Mifflin, 1988 . 21-2; 
171-2; 382-6; 402-5. “ It was 1988 when Reagan first began to seem to "backslide" on Bush. He refused to 
endorse Bush versus the other Republican Presidential contenders in the GOP primaries in 1988, then refused to 
even say whether he'd voted for Bush that year. Then, in 1992, he told Clinton he voted for him instead of 
Bush.” 

[http://home.att.net/~m.standridge/anobib5.htm] 

88 For the best overall description of the attempted assassination of Reagan, see “George Bush: The 
Unauthorized Biography,” by Webster G. Tarpley & Anton Chaitkin, see also “Excerpts from a talk given 
by Lt. Col. "Bo" Gritz in Mesa, Arizona on 4/4/1992,” and John Judge November 2000 Interview. 

89 Hinckley: Hit Man for the Shadow Government, NorthStar Foundation, 
http://www . geocities .com/northstarzone/HINCKLEY .html 

90 Casey: The Lives and Secrets of William J. Casey from the OSS to the CIA, Joseph E. Persico, Penguin Books, 
1990, p.6. 

91 The Death of my Friend and Investigator of Government Corruption Paul Wilcher, Sarah McClendon, Sarah 
McClendon’s Washington Report, July 4, 1993 

92 Ari Ben-Menashe. Profits of War, Inside the Secret U.S. -Israeli Arms Network, Sheridan Square Press, 
1992, p344. 

93 Ari Ben-Menashe. Profits of War, Inside the Secret U.S. -Israeli Arms Network, Sheridan Square Press, 
1992, pl91. 

94 Mueller was recruited by Iran-Contra US Attorney General Richard L. Thornburgh to manage the Noriega 
Investigation, which was intricately linked to the Iran-Contra Investigation, see National Security Archive 
Electronic Briefing Book No. 2; http://www.gwu.edu/~nsarchiv/NSAEBB/NSAEBB2/nsaebb2.htm “Oliver 
North, who met with Noriega's representative, described the meeting in an August 23, 1986 e-mail message to 
Reagan national security advisor John Poindexter. "You will recall that over the years Manuel Noriega in 
Panama and I have developed a fairly good relationship," North writes before explaining Noriega's proposal. If 
U.S. officials can "help clean up his image" and lift the ban on arms sales to the Panamanian Defense Force, 
Noriega will "'take care of the Sandinista leadership for us." North tells Poindexter that Noriega can assist with 
sabotage against the Sandinistas, and suggests paying Noriega a million dollars — from "Project Democracy" 
funds raised from the sale of U.S. arms to Iran — for the Panamanian leader's help in destroying Nicaraguan 
economic installations” 

95 “After the Bank of England shuts down BCCI in July 1991..., making big headlines. Under Assistant Attorney 
General Robert Mueller takes over Justice Department efforts on BCCI and assigns many new attorneys to the 


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case.” From “Context of 'July 5, 1991: Criminal BCCI Bank Is Shut Down', 
http://www.cooperativeresearch.org/context.jsp?item=a070591bccicloses 

96 “FBI Director Robert Mueller, for example, was hired by Enron in 1993 to investigate a $600,000 payment by a 
subsidiary for a property assessed at $41,000. When Mueller concluded the deal was not improper, a private 
investigator working on the case quit in protest. Despite this association, Mueller announced that it was not 
enough to cause him to step down from the Enron investigation. Mueller said that Deputy Attorney General 
Larry Thompson — who previously worked for a law firm that represented Enron — agreed.” See ‘Enron 
played key role in events presaging war, Martin Yant, The Free Press, Spring 2002, April 10, 2002. The role of 
Noriega’s investigation vis-a-vis the Iran Contra investigation was documented in North’s files. 

97 The Still Before the Storm, James Norman, Media Bypass magazine, December 1995 

9S The False Memory Hoax, Alex Constantine, Copyright © January, 1996 

99 Correspondence from Rayelan Allan Russbacher, February 1993, 
http://crashrecovery.org/wackenhut/wackenhut3 .pdf 

100 see Ari Ben-Menashe. Profits of War, Inside the Secret U.S. -Israeli Arms Network, Sheridan Square Press, 
1992, pp.288-291., see also Gideon’s Spies, The Secret History of the Mossad, Gordon Thomas, 2007, St. 
Martin’s Press, p323; see also Robert Maxwell: Israel’s Superspy-The Life and Murder of a Media Mogul, 
Gordon Thomas and Marin Dillon, Carroll and Graff Publishers, 2002, p.205. 

101 see Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 
2005, p. 196 

102 “Saudi financier Adnan Khashoggi is charged by the State of New York in aiding and abetting former Filipino 
first lady Imelda Marcos in hiding billions from her country after she and husband Ferdinand Marcos were 
forced to flee the island nation. The charges are brought by New York Attorney General Rudolph Giuliani, who 
apparently has a personal score to settle with Khashoggi after Khashoggi defeated Giuliani's client John 
Tumpane in a business lawsuit. After a long and heated court battle, during which time Khashoggi was forced to 
stay in New York City under house arrest, the jury acquits Khashoggi of all charges. According to a former 
Army intelligence officer, Giuliani gets the indictments filed after months of effort by threatening George Bush 
that if he doesn't stop blocking the indictment, that he will call a press conference and complain that the White 
House is interfering with the criminal justice system merely to protect Bush's friend Khashoggi. (Larry Kolb).” 
[http://www .iraqtimeline .com/ 1 990 .html] 

103 see Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 

2005. p. 196. 

104 “Two years later, in cahoots with Sheik Kamal Adham — then director of Saudi intelligence (1963-79), 
brother-in-law of King Faisal and the CIA's key liaison to the Arab world — Khashoggi founded Oryx. Oryx, 
the demonic corporate brat of Khashoggi and Adham, has recently been linked by investigative reporter 
Daniel Hopsicker (Welcome to Terrorland) to Wallace Hilliard, proprietor of Huffman Aviation in Florida, 
where Mohammed Atta's suicide cult trained in aero-terrorism. Of the 220 flight schools in Florida, Atta 
had to pick Huffman.” [Saudi Entrepeneur Adnan Khashoggi Linked to 91 1 Terrorists, Alex Constantine 

105 “Wally was manipulated by somebody with a lot of power,” international jack-of-all-trades Mark Shubin had 
said to us, in an interview at the Fort Lauderdale Executive Airport. “He was blackmailed .”[ The Covert Op 
That Ate The World, Daniel Hopsicker, January 4,2005, MadCowMorningNews, 
http://www.madcowprod.com/01042004.html 

106 Terror Flight School Owner In Business With Whitewater Scandal "Key Figure," MadCowMorningNews , 
Daniel Hopsicker, December 20, 2002, http://www.madcowprod.com/ 

107 David G. Guyatt, Nexus Magazine, Volume 10, Number 6, October-November 2003 

108 see Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave, Verso, 

2005, pp. 229-230 

109 George Bush's $10 billion giveaway to Barrick Gold, Mark Sonnenblick, Executive Intelligence Review, 
January 3, 1997. 

1 10 The doubtfulness of the claim was documented in the Canadian Mining Hall of Fame profile of Peter Munk: " 
Munk then turned his attention to a Nevada heap-leach project producing a mere 40,000 oz. gold each year. The 
industry doubted its potential... "[Canadian Mining Hall of Fame, 
http://www.mining.ca/halloffame/english/hall.html] 

111 “...over 300 KGB generals and colonels were allowed to enter the United States and were provided with very 
comfortable homes, mostly in northern Virginia. Most KGB generals now get a check for $12,000 a month 
from the Agency. KGB colonels get $8,000 a month plus a panoply of favors. Most of these guys are now in 
the import -export business. The have offices in and around McLean, Virginia. It's also interesting to note that 


52 



four former KGB generals have import-export offices in the same building in McLean where Oliver North has 
his office.' 1 [From The Conspirators: Secrets of an Iran-Contra Insider, by A1 Martin 

1 12 A classic example of hiding this from the public was the case of Karon von Gerhke -Thompson. She has been 
retained by Russian oligarch Alexander Knonaykhine, to arrange for “passports and visas.”. “Concurrently, I 
was a business partner of the late U.S. Attorney John M. Mitchell, Chairman of Global Research International, 
and a principal in the firm of Murphy and Associates, Inc., founded by Admiral Daniel J. Murphy, U.S. Navy 
Retired and former Chief of Staff to then-Vice President Bush.... This project was brought to me by Carter 
Cornick, Eugene Propper and Jonathan Ginsberg of the Washington, DC. based law firm of Ginsberg, Feldman 
and Bress. Cornick, Propper and Ginsberg wanted my help in assisting them in accessing officials who could 
facilitate a favorable negotiation climate for the establishment of a bank and expedite the procurement of the 
passports.” [Statement of Karon von Gerhke-Thompson, Vice President, First Columbia Company, Inc.] Her 
Congressional testimony was discouraged by everyone, including the CIA, as indicated in her Congresional 
testimony. All traces of Karon Von Gerhke-Thompson and First Columbia Company had disappeared by 2004, 
according to Alan Block and Constance Weaver. (All Is Clouded By Desire: Global Banking, Money 
Laundering and International Organized Crime, 2004, p 134.) 

1 13 “V alued at $35 billion, Russia's gold reserves were estimated to be 100 million troy ounces - just under 3000 
tonnes. Then in September 1991, a palpitating Grigory Yavlinski, the economic supremo, revealed to delegates 
at the Group-of-Seven industrial countries meeting in Bangkok, that a mere 240 tons were all that was left. Two 
months later, in November, even that had disappeared. "Not a gram of gold remains; the vaults are empty," said 
Victor Geraschenko, chief of Gosbank, the Russian Central Bank.” See Gangster’s Paradise, David Guyatt, 

1997 

114 see Thieves World, Claire Sterling, Simon and Schuster, 1994, p.202. 

115 Supplement 2. The Economy of Chechen Terror, Mikhail Delyagin, Doctor of Science (Economics), 
Director of the Institute of Globalisation Problems, Kommersant -Dengi magazine, September 15, 1999 

116 see Comeback: The Restoration of American Banking Power in the New World Economy, Roy Smith, 
Harvard Business School Press, 1994, pl48, citing Kindleberger, a Financial History of Western Europe, 
pp 124- 125. 

117 V.K. Durham contends these securities are illegal because her husband’ signature was forged on the loan 
documents, and Photostat copies of the documents posted by Durham on the internet support her case. 

118 This possibility is mentioned in that the dates on the bank transactions in the files made public by ONI show 
three phases of activity. The earliest set of dates seem to correlate with the resolution of the third world debt 
issue, which was conducted in an extremely secretive manner. Without any public documentation on Bush’s 
role in this effort, it can only be viewed as a possible ‘augmentation,’ and theoretical at best. 

119 The Struggle For Russia, Boris Yeltsin, Times Books, 1995, p.59. 

120 see “"According to leaders of the failed coup in 1991 , the real coup, the undermining of Soviet power, was an 
intricate plot devised by Gorbachev and Yeltsin with help from 'foreign agents' in the West." Resurrection: The 
Struggle for a New Russia, David Remnick, Vintage, 1997, as cited by THE SECRET HISTORY OF THE 
MOSCOW COUP OF AUGUST 1991. This exact quote could not be founding the 1997 version of the book 

121 The Struggle For Russia, Boris Yeltsin, Times Books, 1995, p.48. 

122 see Gideon’s Spies, The Secret History of the Mossad, Gordon Thomas, 2007, St. Martin’s Press, pl76. See 
also Stephen Handelman’s Comrade Criminal, 1995, Yale University Press, pl02 to reference Soviet 
participation in the laundering of South American drug money. 

123 Gideon’s Spies, The Secret History of the Mossad, Gordon Thomas, 2007, St. Martin’s Press, pp.207-208 

124 See Robert Maxwell: Israel’s Superspy-The Life and Murder of a Media Mogul, Gordon Thomas and Marin 
Dillon, Carroll and Graff Publishers, 2002, p. 169. 

125 see Ari Ben-Menashe. Profits of War, Inside the Secret U.S.-Israeli Arms Network, Sheridan Square Press, 
1992, pp.349-35 1. 

126 See Robert Maxwell: Israel’s Superspy-The Life and Murder of a Media Mogul, Gordon Thomas and Marin 
Dillon, Carroll and Graff Publishers, 2002, p. 170. Numerous attempts have been made to identify the names of 
the military support provided to Maxwell, but the companies records are cloaked. 

127 see “Gunther Russbacher.. claimed to have videotape proof and sixteen witnesses to his having flown George 
Bush to one of the October Surprise meetings.” The Death of my Friend and Investigator of Government 
Corruption Paul Wilcher, Sarah McClendon, Sarah McClendon’s Washington Report, July 4, 1993; 

128 “ In June, I also testified under oath, in closed session, before the Senate Foreign Relations committee. I stated 
unequivocally that I had, seen Bush in Paris.” Ari Ben-Menashe. Profits of War, Inside the Secret U.S.-Israeli 
Arms Network, Sheridan Square Press, 1992, p344. 


53 



see Ari Ben-Menashe. Profits of War, Inside the Secret U.S. -Israeli Arms Network, Sheridan Square Press, 
1992, p311. 

130 US aid to Israel, Palestine Monitor, October 31, 2007. “Since World War II Israel has been the largest overall 
recipient of US aid: from 1949-2006 Israel received more than $156 billion of direct US aid.... The US also 
lends money to Israel, but these loans are frequently waived before any repayments are made. The Washington 
Report on Middle East Affairs has estimated that from 1974-2003 Israel benefited from more than $45 billion in 
waived loans from the US.” 

131 see Ari Ben-Menashe. Profits of War, Inside the Secret U.S. -Israeli Arms Network, Sheridan Square Press, 
1992, pl35. 

132 See Robert Maxwell: Israel’s Superspy-The Life and Murder of a Media Mogul, Gordon Thomas and Marin 
Dillon, Carroll and Graff Publishers, 2002, p204. 

133 See Robert Maxwell: Israel’s Superspy-The Life and Murder of a Media Mogul, Gordon Thomas and Marin 
Dillon, Carroll and Graff Publishers, 2002, p207-208. 

134 Three in Coup Feared US Dependency, Stephen Kinzer, New York Times, October 7, 1991. 

135 Dead Communists Tell No Tales, lanic Castro, Time Magazine, Dec. 02, 1991 

136 See Who’s who in Russia Since 1900: From 1900-1991, Martin McCauley, 1997, p8 1 , Routledge Press 

137 see Lithuania Extradites Witness under YUKOS Case, Kommersant, September 9, 2005, 
www .kommersant.com 

138 see Ari Ben-Menashe. Profits of War, Inside the Secret U.S. -Israeli Arms Network, Sheridan Square Press, 
1992, pp.349-35 1. 

139 Resurrection: The Struggle for a New Russia, David Remnick, Vintage, 1998, pp 317-318. 

140 See Robert Maxwell: Israel’s Superspy-The Life and Murder of a Media Mogul, Gordon Thomas and Marin 
Dillon, Carroll and Graff Publishers, 2002, p.200. 

141 Propping Up Russia’s Finances, Christopher Whalen, JoC Newspaper, September 29, 1992; “Mr. Corrigan, who 
was not invited along for dinner, suggested that he meet "discreetly" with Mr. Yeltsin...” 

142 See footnote 124. 

143 see “A catalyst coup,” Erik Lenhart, Slovak lournal of Political Sciences, Issue 4/2007, pp 104-113. 

144 From The Conspirators: Secrets of an Iran-Contra Insider, by A1 Martin., see also The Man Who Knows Too 
Much , An Interview with A1 Martin, author of "The Conspirators: Secrets of an Iran Contra Insider, " Uri 
Dowbenko. 

145 “New York, NY October 17, 2000: Blackstone Real Estate Advisors, the global real estate investment and 
management arm of The Blackstone Group, L.P., announced today that it has purchased, from Teachers 
Insurance and Annuity Association, the participating mortgage secured by 7 World Trade Center, a commercial 
office complex controlled by real estate developer Larry Silverstein.” 
http://www.blackstone.com/news/press_releases%5C7_world_trade_oct_2000.pdf 

146 See the following four articles: U.S. Envoy in Hungary Quits To Handle Investment in East, Celestine Bohlen, 
The New York Times, January 26, 1990; There Is a Worldwide Crash in Progress; We Are In A Depression 
Already", Lyndon Larouche, interviewed by Mel Klenetsky, August 4, 1993, Shofar FTP Archive File: 
people/l/larouche.lyndon/eir.080493; How Europe's Economic Crisis Could Become the Worst Crisis in Six 
Centuries, Lyndon Larouche, interviewed by Mel Klenetsky, August 18, 1993; A Bigger Scandal: Illegal U.S. 
Funding of Sharon's Likud, Anton Chaitkin, Executive Intelligence Review, January 24, 2002. 

147 “Focusing on Mikhail Khodorkovsky and the Leadership of Group MENATEP”, October 27, 2005, 
http://www.supportmbk.eom/update/l l-03-2005_briefing.cfm. 

148 Catherine Belton, Khodorkovsky's High Stakes Gamble, The Moscow Times, May 16, 2005 

149 Riggs Maps Out an International Strategy; Alton G. Keel Jr. to Lead Bank's Global Business Group, Margaret 
K. Webb, Washington Post, January 22, 1990 

150 see Wayne Madsen Report, September 28, 2006 

151 Biography Of Mikhail Khodorkovsky from The Moscow Times, Catherine Belton, The Moscow Times, May 
17,2005 

152 Revelations of the Fugitive Kremlin Financier, recorded by Vadim Andreev, Translation and comments by 
burtsev.ru, January 19, 2004 

153 The Sword and the Shield: The Mitrkhin Archive and Secret History of the KGB, Christopher Andrew and 
Vasili Mitrokhin, 1999, Basic Books, p. 320. 

154 Statement by Richard L. Palmer before the House Committee on Banking and Financial Services, September 
21, 1999, http://www.russianlaw.org/palmer.htm 

155 Arrested oil tycoon passed shares to banker, Washington Times, November 03, 2003, 
http://washingtontimes.com/world/20031 102-1 1 1400-3720r.htm 


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156 Lord Robert Powell is on both boards, and a Rothschild sits on the Board of Barrick. Powell is reported to 
represent Rothschild family interests. 

157 All is Clouded by Desire, Alan A. Block and Constance Weaver, 2004, Praeger, pp. 179-182. 

158 Manhattan Judge Rules On Pre-Trial Motions In “Kazakhgate” Case, Marlena Telvick, September 7, 2004. 

159 “According to Wolfgang Bueschel in BCDX 351, "Mr. Vafa Culuzadeh, adviser of former Azerbaijan President 
Ebulfez Elicibey, told the Italian press agency IPS in October 1992 from Baku, that the Israelian secret service 
specialist David Kimche and... Richard Secord, who was involved in the 'Iran-Contra' -Affair, visited 
Azerbaijan, (and) presented a delegation of more Israelian secret service personnel. Mr. Culuzadeh took part on 
a return visit to Israel, (and) lead a delegation of Azerbaijan/Uzbek/Kazakh secret services." [Voice of Southern 
Azerbaijan, Nick Grace C., 4/13/1998] 

160 “In the summer of 1993, Azerbaijan’s President Heydar Aliyev hired over 1,000 Islamist mercenaries in the war 
against Nagorno Karabakh Armenians. They were flown on civilian aircraft from Afghanistan to Azerbaijan. 
The mercenaries, including Arab veterans of the Afghan war ('1979-89'), took an active role in the Karabakh 
conflict (Moscow News 9/13/00). One of Bin Laden’s associate claimed that Bin Laden himself led mujahedin 
in at least two battles in Nagorno Karabakh.” Associated Press 1 1/14/99 

161 How the CIA created Osama bin Laden, Norm Dixon, Green Left Weekly, Issue #465 September 19, 2001 , 
http://www . greenleft .org.au/200 1/465/25 1 99 ; see also CIA Agent Allegedly Met Bin Laden in July, Alexandra 
Richard, Translated by Tiphaine Dickson, Le Figaro, 1 November 2001 

l6 ~ To ascertain Allied Media is recruiting Islamic background staff for the U.S. military, view their website and 
sample productions of recruiting videos. 

163 Oil Wars: The Balkans, George Draffan, www.endgame.org,a case study for the report The Corporate 
Consensus 

164 The Global Drug Meta-Group: Drugs, Managed Violence, and the Russian 9/1 1 , Peter Dale Scott, October 29, 
2005, “Storm in Moscow”: A Plan of the Yeltsin “Family” to Destabilize Russia , John B. Dunlop , The Hoover 
Institution , October 8, 2004 

165 Who Is Osama Bin Laden? Michel Chossudovsky, Centre for Research on Globalisation (CRG), Montreal, 
Posted at globalresearch.ca, 12 September 2001. 

166 see Revelations of the Fugitive Kremlin Financier, recorded Vadim Andreev, Translation and comments by 
burtsev.ru, January 19, 2004. 

167 see U.S. Entangled in Mystery of Georgia's Islamic Fighters, Dexter Filkins, June 15, 2003, New York 
Times 

168 The Global Drug Meta-Group: Drugs, Managed Violence, and the Russian 9/1 1 , Peter Dale Scott, October 29, 
2005; Revelations of the Fugitive Kremlin Financier, recorded Vadim Andreev, Translation and comments by 
burtsev.ru, January 19, 2004, see also “Storm in Moscow”: A Plan of the Yeltsin “Family” to Destabilize 
Russia, John B. Dunlop , The Hoover Institution , October 8, 2004. 

169 "Consulting" Agency Far West, LLC Paid $3 Million Bribe to Ukrainian Official For Illegal Arms Deals with 
Syria and Iran, February 18, 2006, http://left.ru/burtsev/ops/lysenko.phtml; see also The Far West Drug 
MetaGroup, Dr. Peter Dale Scott, Nexus Magazine, Volume 13, Number 4 (June - July 2006) 

170 Catherine Belton, Khodorkovsky's High Stakes Gamble, The Moscow Times, May 16, 2005 

171 Yeltsin 'Family' Tycoon Linked to Cash Scandal , James Bone, David Lister, Fiona Flick, The Times (UK), 
September 7, 1999; Moreover, it should be noted that Runicom was under the ownership of Valmet when it was 
originally controlled by Riggs, according to Alan Block and Constance Weaver, All is Clouded by Desire, p. 141 

l7 ~ All is Clouded by Desire, Alan A. Block and Constance Weaver, 2004, Praeger, p.141. 

173 The price of oil: What was Mobil up in Kazahstan and Russia? Seymour M. Hersh, The New Yorker, July 9, 
2001 , http://iicas.org/english/Krsten_05_07_01 .htm 

174 These documents are commonly available on the internet. 

175 Clair Sterling, Chapter Nine, Thieves World 

176 Comrade Criminal, Stephen Handelman, Yale University Press, 1995, pl09. 

177 For exchange rate information for that period, see: Russia's Commercial Policy from 1992 to 1994, Vladimir 
Drebentsov in: International Trade Issues of the Russian Federation, Janos Gacs and Merton J. Peck, Editors, 
March 1995, International Institute for Applied System Analsysis, Laxenburg, Austria, pl89. Table 10.1, 
Dynamics of the ruble exchange rate, ruble per US dollar. Source: Compiled from Russian Economic Trends, 
Monthly Update, 28 February 1994. 

178 The West is not very highly concerned with the threat of cyber terrorism,” Regnum News Agency, December 
15, 2006, http://www.regnum.ru/english/749825.html. 

179 see Supplement 2. The Economy of Chechen Terror, Mikhail Delyagin, Doctor of Science (Economics), 
Director of the Institute of Globalisation Problems, Kommersant-Dengi magazine, September 15, 1999; and 


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180 

181 

182 

183 

184 

185 

186 

187 

188 

189 

190 

191 

192 

193 

194 

195 

196 

197 

198 

199 

200 
201 
202 

203 

204 

205 

206 


ComebackiThe Restoration of American Banking Power in the New World Economy, Roy Smith, Harvard 
Business School Press, 1994, pl48, citing Kindleberger, a Financial History of Western Europe, ppl24-125. 
V.K. Durham presents substantial photographic evidence of these crimes on her website, and it can also be 
located at Tom Flocco’s website as well. 

The Leo Wanta Saga, Pt. 7: Former Ambassador Leo Wanta Getting 1.575 Trillion Of Stolen U.S. Funds Back 
To Treasury, Greg Szymanski, http://www .arcticbeacon .com 

Down the rabbit hole with the man who says he tried to warn the world about 9/1 1 , Sander Hicks, Guerilla 
News Network, Sept. 26, 2002; FTW Interview: Delmart "Mike" Vreeland, What the CIA Doesn't Want You to 
Know, Michael C. Ruppert, FromTheWilderness.com. 

document source: Hamilton & Hyun Investment Corp., memo to William Sommerville, August 26, 1991; 
Addendum 1 to Joint Venture Agreement, Contec Development Pty., 9/26/91 

document source: Robert Perry, Bay State Trust, memo to D’Acquisto and Peterson, September 10, 1991; 
Hamilton & Hyun Investment Corp., memo to William Sommerville, August 26, 1991 
Saudi Entrepreneur Adnan Khashoggi Linked to 9/1 1 Terrorists, Alex Constantine 
Hamilton & Hyun Investment Corp., memo to William Sommerville, August 26, 1991 

document source: Daniel International Fax of 12/16/1991) (It is of interest to note that at that time, Lehman was 
a subsidiary of American Express, of which Dick Cheney’s wife, Lynn, is a board member, 
document source: Hamilton & Hyun Investment Corp., memo to William Sommerville, August 26, 1991 
Brigadier General Erie Cocke’s deposition in US District Court, Southern District of New York, April 13, 2000, 
April 13, 2000, (as provided in photostat version in Guyatt’s Project Hammer Files) 

As provided in photostat version in Guyatt’s Project Hammer Files 

Reminder of Bond Market Association Recommendations, GSCC073.01, September 19, 2001 
GSCC080 .0 1 , September 25 ,2001 

Payment System Disruptions and the Federal Reserve Following September 11, 2001, Jeffrey M. Lacker, 
Federal Reserve Bank of Richmond, Richmond, Virginia, 23219, USA, Federal Reserve Bank of Richmond 
Working Paper 03-16, December 23, 2003 

Liquidity Effects of the Events of September 1 1 , 2001 , James J. McAndrews and Simon M. Potter, FRBNY 
Economic Policy Review / November 2002, p. 59 

Payment System Disruptions and the Federal Reserve Following September 1 1 , 2001 , Jeffrey M. Lacker, 
Federal Reserve Bank of Richmond, Richmond, Virginia, 23219, USA, November 17, 2003 printed in Journal 
of Monetary Economics, Volume 51, Issue 5, July 2004, Pages 935-965 

When the Back Office Moved to the Front Burner: Settlement Fails in the Treasury Market after 9/11, Michael 
J. Fleming and Kenneth D. Garbade, FRBNY Economic Policy Review / November 2002, p 35. 

When the Back Office Moved to the Front Burner: Settlement Fails in the Treasury Market after 9/11, Michael 
J. Fleming and Kenneth D. Garbade, FRBNY Economic Policy Review / November 2002, pi . 

Beckett, Paul, and Jathon Sapsford, Rebuilding Wall Street: How Wall Street's Nervous System Caused Pain, 
Wall Street Journal, September 21,2001)” reported in [Payment System Disruptions and the Federal Reserve 
Following September 1 1 , 2001 , Jeffrey M. Lacker, Federal Reserve Bank of Richmond, Richmond, Virginia, 
23219, USA, November 17, 2003 p.6. 

When the Back Office Moved to the Front Burner: Settlement Fails in the Treasury Market after 9/11, Michael 
J. Fleming and Kenneth D. Garbade, FRBNY Economic Policy Review / November 2002, p 46. 

Charles Schwab Shells Out for U.S. Trust, Nick Paumgarten, The New York Observer, January 23, 2000; 
Schwab to Pay $2.73 Billion For U.S. Trust, New York Times, Patrick McGeehan, January 14, 2000 
When the Back Office Moved to the Front Burner: Settlement Fails in the Treasury Market after 9/11, Michael 
J. Fleming and Kenneth D. Garbade, FRBNY Economic Policy Review / November 2002, p 46. 

Liquidity Effects of the Events of September 11, 2001, James J. McAndrews and Simon M. Potter, Federal 
Reserve Bank of New York Economic Policy Review, November 2002, p65. 

Liquidity Effects of the Events of September 1 1 , 2001 , James J. McAndrews and Simon M. Potter, Federal 
Reserve Bank of New York Economic Policy Review, November 2002, p.60. 

Beckett, Paul, and Jathon Sapsford, Rebuilding Wall Street: How Wall Street's Nervous System Caused 
Pain,Wall Street Journal, September 21,2001)” reported in [Payment System Disruptions and the Federal 
Reserve Following September 1 1 , 2001 , Jeffrey M. Lacker, Federal Reserve Bank of Richmond, Richmond, 
Virginia, 23219, USA, November 17, 2003 p.6. 

Wall St. Lifeline Shakes Off Dust, and Critics; Disruptions Put Bank of New York to the Test , Saul Hansell 
with Riva D. Atlas, New York Times, October 6, 2001 

Emerging Stronger from 9/1 1/01: An Interview with Todd Gibbons, RMA (Risk Management Association) 
Journal, The, Dec, 2001 


56 



207 Wall St. Lifeline Shakes Off Dust, and Critics; Disruptions Put Bank of New York to the Test , Saul Hansell 
with Riva D. Atlas, New York Times, October 6, 2001 

208 Emerging Stronger from 9/1 1/01: An Interview with Todd Gibbons, RMA (Risk Management Association) 
Journal, The, Dec, 2001 

209 Liquidity Effects of the Events of September 1 1 , 2001 , James J. Me Andrews and Simon M. Potter, Federal 
Reserve Bank of New York Economic Policy Review, November 2002, p.61 

210 Liquidity Effects of the Events of September 11, 2001, James J. McAndrews and Simon M. Potter, Federal 
Reserve Bank of New York Economic Policy Review, November 2002, p64. 

21 1 When the Back Office Moved to the Front Burner: Settlement Fails in the Treasury Market after 9/11, Michael 
J. Fleming and Kenneth D. Garbade, FRBNY Economic Policy Review / November 2002, p 35. 

212 Payment System Disruptions and the Federal Reserve Following September 11, 2001, Jeffrey M. Lacker, 
Federal Reserve Bank of Richmond, Richmond, Virginia, 23219, USA, November 17, 2003 p.18. 

213 When the Back Office Moved to the Front Burner: Settlement Fails in the Treasury Market after 9/11, Michael J . 

Fleming and Kenneth D. Garbade, FRBNY Economic Policy Review / November 2002, p 44-45. 

21 1 Adnan Khashoggi Linked to 91 1 Terrorists, Part I, Alex Constantine, 

http://www.thewebfairy.com/91 1/constantine/part 1 .htm ; Welcome to Terrorland: Mohammed Atta and the 9-11 
Cover-Up in Florida, Daniel Hopsicker, 2004, pp 262-264. 

215 “Storm in Moscow”: A Plan of the Yeltsin “Family” to Destabilize Russia , John B . Dunlop , The Hoover 
Institution , October 8, 2004 

216 Bohringer’s past and arrest is best summarized in: FBI Terror Alert in South Pacific for Wolfgang 
Bohringer/Terror Alert suspect fingered by Mohamed Atta's American girlfriend, Daniel Hopsicker, 
MadCowMorningNews „ November 16, 2006, http://www.madcowprod.eom/l 1 162006.html ; Mohamed Atta's 
Best Friend Caught in South Pacific: “You can’t arrest me, I’m working for the CIA,” Sander Hicks, New York 
Megaphone, December 19, 2006, http://www.91 ltruth.org/article .php?storv=2006 12192 13258655 . Bohringer’s 
status as pilot for Viktor Kozeny reinforces the contention he is CIA, as Kozeny has multiple indications he was 
an agent for Western Intelligence: 1) Kozeny received funding for his Azerbaijan bribery and money 
laundering efforts to purchase SOCAR, the Azerbaijan State Oil Company, from A1G. AIG has been, since 
WWII, a major CIA intelligence operation. History records that the OSS learned that in the 1940’s that the 
Nazis owned 45% of the world’s insurance companies, and used the background files from these companies to 
plan their espionage and bombing raids. With this lesson, when William ‘Wild Bill’ Dovovan created the CIA, 
part of his legacy was an extensive partnership with AIG. [see "The Secret (Insurance) Agent Men," Mark 
Fritz. The Los Angeles Times 2000 September 22, 200] 2) Kozeny’s contact at AIG was Frank Gardiner 
Wisner [see Capturing the Pirate of Prague, Rob Urban and David Glovin, International Eurasian Institute for 
Economic and Political Research, Bloomberg Markets, February 23, 2006] Frank G Wisner was head of Office 
of Strategic Services operations in southeastern Europe at the end of World War II, and the head of the 
Directorate of Plans of the Central Intelligence Agency during the 1950s.] 

http://en.wikipedia.org/wiki/Frank Wisner ] 3) One of Kozeny’s key promoters was Senator George Mitchell. 
Mitchell had served in the U.S. Army Counter-Intelligence Corps from 1954 until 1956, and later served on the 
Iran-Contra Senate Hearings and while challenging some of Oliver North’s assumptions about patriotism, 
inevitably supported the conclusions of the committee. 4) When Kozeny and his investment ‘partners’ were 
brought to US court for money laundering and bribery. Judge Shira A. Scheindlin dismissed most of the 
charges, [see Federal Prosecutors Hope To Revive Oil Bribery Case, Free Internet Press, 2007-08-23], 
Scheindlin is the same judge that dismissed charges against Osama Awadallah, who was an associate of the two 
San Diego based September 1 1 terrorists. Her ruling prevented the FBI from collecting information on the two 
terrorists. 5) Kozeny was initially funded by loans from Alpha Bank, which is represented in the US by ex- 
Bush administrators Lanny Griffith and Ed Rogers of Barbour, Griffith and Rogers [Seller of Privatization 
Securities Is Indicted in the U.S., Gretchen Morgenson, New York Times, October 3, 2003], Kozeny used his 
scam proceeds to repay Alpha Bank. It is of related note that Alpha Bank funds a fellowship for Carl Duisberg 
Gesellschaft, which also funded Mohammed Atta’s entrance to Germany. [For The Record#573, Alfa Males— 
One Helluva Conspiracy Theory, Part II, Recorded on 10/15/2006.] 

217 Welcome to Terrorland: Mohammed Atta and the 9-1 1 Cover-Up in Florida, Daniel Hopsicker, 2004, pp 262- 
264. 

~ ls Tenor Flight School Owner’s Plane Seized For Heroin Trafficking & Jeb Bush And Katherine Harris Fly With 
Drug Running Airways, Daniel Hopsicker, October 24, 2003, www.madcowprod.com. 

219 Truth, lies, and the legend of 9/1 1 Part 1 of 10 parts: There's something about Omar, By Chaim Kupferberg, 
OnLine Journal; see also Times of India -AugustlO, 2004, GlobalFree Press 


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220 

221 

222 


223 


224 

225 


226 

227 

228 

229 

230 

231 

232 


http://inn.globalfreepress.com/moduIes/news/article .php?storyid=485 ; see also Richard Armitage and the ISI, 
Dennis L. Cuddy, Ph.D., November 30, 2004, NewsWithViews.com. 

Did ally Pakistan play role in 9-11? Indian intelligence finds more links to terrorist attacks in U.S., Delhi, Paul 
Sperry, 2002, WorldNetDaily.com. 

“Tatex Trading has employed, at various times in the past 15 years, two Syrian-born German citizens... who are 
high on the list of Sept. 1 1 suspects. . . .Investigators also say Atta himself worked for a time at Tatex. . .The 
origins of Tatex Trading itself have become of interest to investigators... Tatex investor is Mohamad Majed 
Said, a former head of Syria's General Intelligence Directorate... ’’from The Chicago Tribune November 3, 

2002. 

“The organization that apparently sponsored Atta’s travels was the Carl Duisberg Gesellschaft (its American 
component is the Carl Duisberg Society) — named for one of the principal figures in the founding of I.G. Farben. 
“News that Mohamed Atta had been on the payroll of an elite international program known as the ‘Congress- 
Bundestag Program first surfaced a month after the 9/11 attack in a brief seven-line report by German 
newspaper Frankfurter Algemeine Zeitung on 10/18/2001 under the headline ‘Atta was Tutor for Scholarship 
Holders. . . Atta had therefore been on the payroll of a joint U.S .-German government program was concealed 
by the newspaper through the simple expedient of neglecting to mention that the ‘Carl Duisberg Gesellschaft’ 
was merely a private entity set up to administer an official U.S. and German government initiative,” (For the 
Record, #408, Recorded on 4/27/2003, http://spitfirelist.com/f408.html) 

It use to be that one could go directly to the InWent web site to see a list of articles directly refernecing 
activities such as smuggling, anthrax, small armaments etc.. Now, the formally listed articles seem fairly 
benign. If however, one does search engine inquiries on “InWent” and another key phrase, their involvement in 
research is readily apparent. 

On small arms, see http://www.bicc.de/publications/bulletin/bulletin35.pdf; The UN Programme of Action on 
Small Arms and Light Weapons :Building Capacity and Partnerships for Implementation, 28/29 April, 

2003, Bonn, Inwent, 2003, 1 cd-romp. electronic edition, CD45. 

On Money-laundering, see Inwent’s article: Tackling Cross Border Crime - a South African Perspective on the 
Global Problem, Leonard McCarthy, Directorate Special Operation, http://64.233. 167. 104/search?q=cache:L- 
6Eu8CxkGgJ:www.inwent.org/ef- 

texte/crime/mccarthy.htm+inwent+%22money+laundering%22&hl=en&ct=clnk&cd=2&gl=us 

On drug smuggling, see D+C, Poor Results, By Jtirg Schiess and Jacques Merat, No. 10 2007, Volume 48, 

October 2007, http://www.inwent.org/ez/articles/059340/index.en.shtml 

For The Record#573, Alfa Males— One Helluva Conspiracy Theory, Part II, Recorded on 10/15/2006 
"...(he) claimed that his son had called him two days after the attack, and described it as "a normal 
conversation." .... Asked what country Muhammad had called from, he said, "The name of the country isn't 
written on the phone." Asked where Muhammad was now, he said, "Ask Mossad." [Muhammad Atta Sr is in 
the center of the media storm, Ashraf Khalil, www.cairotimes.com] 

The Online Journal, Mohamed Atta Kept Terrorist E-List , Daniel Hopsicker, 4/24/2002 
"Montreal, Canada - August 4, 2004 - eNGENUITY Technologies [TSX: EGY], a leading provider of solutions 
for the development of high-end visualization and simulation applications, today announced that the System 
Missile and Space Group of the Israel Aircraft Industries (IAI) MLM division has purchased multiple licenses 
of eNGENUITY’s STAGE Scenario toolkit to build training scenarios for IAI’s Air Operations C4I Suite 
(AOCS), an advanced air space monitoring system.” Article removed from Internet. 

Moroccan Communities from DC, Orlando Meet, Washington Report, January/February 2006, page 64, 
http://www.moroccoboard.com/album/orl/article.htm ; see also Moroccan Chamber of Commerce, 
http://www.marocam.com/misc/news desc,cfm?ItemID=5501J6464078A6541 

In all these cases, the reference to the CIA should be carefully weighed with the consideration that U.S. 
Intelligence operations are organizationally fluid. Like Task Force 157, (see Note 75) it would be fair to 
assume that most of these operations require plausible deniability, and are not standard CIA payroll 
operations. 

Reportedly to journalist Sarah McClendon (December 1992), in response to a question about Iraq-gate and the 
Iran-Contra Affair. Though widely quoted as being from McClendon's newsletter of either June or December 
1992, no firm confirmation or reliable citation of a published source of this statement has yet been located. 
Casey: The Lives and Secrets of William J. Casey From OSS to the CIA, Joseph E. Persico, Penguin Books, 
1990, p. 401. 

Casey: The Lives and Secrets of William J. Casey From OSS to the CIA, Joseph E. Persico, Penguin Books, 
1990, p.448. 


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